Constitution of the Authority.

(1) As soon as may be after the commencement of this Act, the State Government may, by notification constitute an authority for the whole of the State of Karnataka to develop, conserve and administer fishing harbour terminals. (2) The Authority shall be a body corporate by the name the Karnataka Fishing Harbour Terminals Authority having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property both moveable and immoveable, and to contract, and may by the said name sue and be sued. (3) The Head Office of the Authority shall be at Malpe.