Singapore legislation
Section 5
Section 5
Powers of Corporation
(1)
The Corporation shall have the power to do anything for the purpose of discharging its functions under this Act or which is incidental or conducive to the discharge of those functions.
(2)
Without prejudice to the generality of subsection (1), the Corporation may for the purpose referred to in that subsection —
acquire, hold and dispose of all kinds of property, movable and immovable, and in any manner which it thinks fit;
improve, develop or alter any property held by it;
enter into, assign or accept the assignment of, and vary or rescind any contract or obligation;
carry on any business either alone or in partnership with any other person or persons;
borrow or raise or secure the repayment of money in such manner as the Corporation may think fit;
employ an agent to do anything which the Corporation may do;
issue licences, with or without conditions, to such company or companies as the Corporation thinks fit to operate the Mass Rapid Transit System; and
with the approval of the Minister, form or participate in the formation of a company or companies under the provisions of any written law in force relating to companies.
(3)
Any land held by the Corporation may be improved, developed and altered by it in such manner and to such extent as the law would allow if the land were held by a natural person in the same interest and the Corporation shall not be required to show that such improvement, development or alteration is itself undertaken for the discharge of its functions under this Act.