12. Corporation may hold property movable and immovable

The Corporation shall be able and capable in law to acquire and hold any property, movable or immovable which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise and all such property shall be held by the Corporation subject to the rules of the Corporation made under section 7 and for the purpose of the Act with full power to sell mortgage, lease, exchange or otherwise dispose of the same.