Incorporation of the Board

(1) For the purposes of this Act there shall be established a Board to be called the Government Housing Loans Board which shall be a body corporate under that name with perpetual succession and a common seal which shall be officially and judicially noticed. The seal shall be authenticated by the signature of the Chairperson. The Board may sue and be 7 sued in its corporate name and may for all purposes be described by that name. (2) The Board may acquire by purchase, lease, exchange, gift or otherwise any land in Belize.