Clause 3

There is hereby established in accordance with the provisions of this Act a body to be called the Timber Industry Board which shall be a body corporate with perpetual succession and with power to sue and be sued in its corporate name, and to acquire and dispose of property, both movable and immovable, and to perform such other acts as a body corporate may by law perform, and to exercise such other powers as are conferred under and by virtue of this Act.