PETROLEUM TRAINING INSTITUTE ACT
Section 4: Power of the Institute to enter into contracts, to hold property and to invest.
(1) The Institute may enter into such contracts as may be necessary or expedient for carrying into effect the provisions of this Act.
(2) The Institute may acquire and hold such movable or immovable property as may be necessary or expedient for carrying into effect the provisions of this Act, and for the same purpose may sell, lease, mortgage, or otherwise alienate or dispose of any property so acquired.
(3) Subject to section 11 (1) of this Act, the Institute may invest its funds in such manner and to such extent as it may think necessary or expedient.
Cite this section
Section 4, PETROLEUM TRAINING INSTITUTE ACT (1972).
https://repo.podus.ai/laws/petroleum-training-institute-act/section/4/