5. Powers of Corporation
Feedback & supportLast amended by an amending law of 1987.
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.
Corporation
“Corporation” means the Mass Rapid Transit Corporation established under section 3;
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.
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.
land
“land” includes and may, where the context so requires, have any one or more of the following meanings separately:(a)land of any tenure and so much of the airspace above the surface as may be reasonably used or enjoyed by any owner thereof, and all substances under the surface, whether or not held apart from the surface;(b)the whole or part of any building or other erection or fixture on land;(c)where an undivided share of a leasehold interest in land has appurtenant to it rights to the exclusive use and occupation of a building or part thereof on such land, such share in the land and all rights appurtenant thereto;(d)any other estate, right, share or interest in land;