9. Corporation may hold property movable or 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 for the purposes of this Act, and subject to the rules in force for the time being, of the Corporation shall have full power to sell, mortgage, lease, exchange or otherwise dispose of the same. All land, immovable and movable property including buildings and all assets and rights held by the Foundation prior to the commencement of this Act shall become vested in the

Corporation incorporated by this Act.