Property of the Corporation
62. (1) The Government may by rules-
(a) provide for the management, maintenance, improvement and development of the property belonging to or vesting in the Corporation;
(b) regulate the alienation of such property; and
(c) provide for the compulsory acquisition of such immovable property as may be required by the Corporation for the purposes of this Ordinance.
(2) The Corporation may-
(a) manage, maintain, inspect, develop or improve any property which is owned by or vests in it or which is placed under its charge;
(b) apply such property for the purposes of this Ordinance or the rules; and
(c) acquire or transfer by grant, gift, sale, mortgage, lease, exchange or otherwise any property with the previous sanction of the Government.