Authority is a body corporate

(1) The Authority– (a) is a body corporate with perpetual succession and a common seal; and (b) subject to the provisions of this Act and any Regulations made thereunder, has the power to acquire, hold and dispose of movable and immovable property of whatever kind and to enter into contracts and to do all things necessary for the fulfilment of its purpose; and 12 (c) may sue or be sued in its corporate name and shall for all purposes be described by that name; and (d) may establish a principal office, and regional and local offices, in any location within or outside Belize as it considers necessary. (2) The seal of the Authority shall be authenticated by the signatures of the Chairperson or the Chief Executive Officer and one other Director authorized by the Board to act for that purpose, and the seal thus authenticated shall be judicially and officially noticed. (3) All agreements to be entered into by the Authority, other than those required by law to be made under seal, shall be signified under the hand of the Chairperson and the Chief Executive Officer, or by a Director duly approved by the Board of Directors of the Authority for that purpose, and the Chief