8. Corporation may hold movable and immovable property

The Corporation shall be capable

‘in law’

of takitig and holding any property, movable orimmovable, 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 for the purposes of this Act and subject to the rules in force for the time being of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of, the same.