Clause 9

enter into contracts;

acquire, purchase, take, hold and enjoy movable and immovable property of every description;

sell, convey, assign, surrender and yield up, mortgage, demise, re-assign, transfer or otherwise dispose of any movable or immovable property vested in the Council upon such terms as to the Council seems fit;

borrow money at interest on the security of any corporate land or of any funds of the Council;

invest the funds of the Council; and

do all other matters and things incidental or appertaining to a body corporate.