Clause 3

There is hereby established a body to be known as “the Telecommunication Authority of Singapore” which shall be a body corporate and which may sue or be sued in its corporate name, and shall have perpetual succession, and may enter into contracts, and may acquire, purchase, take, hold and enjoy movable or immovable property of every description and may convey, assign, surrender and yield up, charge, mortgage, demise, re-assign, transfer or otherwise dispose of, or deal with, any movable or immovable property vested in the Authority upon such terms as to the Authority seems fit and do such other acts as a body corporate may by law perform.