Establishment of the Corporation, 3A. Objectives of the Corporation

(1) There is hereby established a Corporation to be known as the Belize Marketing and Development Corporation. (2) For the purpose of directing the affairs of the Corporation, there shall be a Board of Directors consisting of the following, (a) one member from the Chamber of Commerce and Industry; (b) the Financial Secretary (ex-officio); (c) one member from the Ministry of Agriculture (ex- officio); (d) one member from the Ministry of Industry; (e) two members from a Producers’ or Farmers’ Organization; (f) one member from a Financial Development Institution; (g) one member appointed by the Minister of Agriculture; and (h) one member from the Ministry responsible for Trade. (3) The Chairperson of the Board shall be appointed by the Minister from among the members of the Board of Directors. Belize Marketing and Development Corporation 7 (4) The Corporation shall be a body corporate with perpetual succession and a common seal, and subject to the provisions of this Act, having capacity to acquire, hold and dispose of property, real or personal, to enter into contracts, to sue and be sued in its corporate name and to do all things necessary for the purposes of this Act. (5) The common seal shall be authenticated by the signatures of the Chairperson and one other member of the (6) The Corporation shall have an office in Belize City.