8. payable to the — Foundation, 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, upon or by virtue of, any instrument of purchase, grant, gift or lease, or upon or by virtue of, any testamentary disposition or otherwise, and all such property shall be held by the Corporation, for the purpose of this Act, and subject to the rules for the time being of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the squne.

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Padmanabha Foundation (Incorporation)

Act, No. 31 of 1993