3. Establishment of Nanyang Polytechnic

A Polytechnic called the Nanyang Polytechnic is established, which is a body corporate with perpetual succession and a common seal and is by that name capable of —

suing and being sued;

acquiring, owning, holding and developing or disposing of property, both movable and immovable; and

doing and suffering all other acts or things that bodies corporate may lawfully do or suffer.