Power to acquire and dispose of property

(1) Subject to the provisions of this Act, a person authorized by a licence to transmit electricity may acquire, hold, mortgage and dispose of any property real or personal. (2) Where a licence holder is unable to acquire by agreement and upon reasonable terms any land which it considers necessary to acquire for the purposes of this Act, the licence holder shall report the fact to the Commission and, if the licence holder so requests, the Commission may if it thinks fit, take such steps as may seem requisite towards the compulsory acquisition CAP. 183. CAP. 184. of such land under the provisions of the Land Acquisition Acts or any Act in amendment or substitution of the same.