Power to acquire, hold, or alienate property

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Statutory text

(1) The Board shall for the purposes of this Act have power to acquire and hold immovable or movable property, whether within or without the limits of the port or city of Tuticorin.
(2) Every acquisition of immovable property, not being an acquisition from the Government, every sale and every lease for a term exceeding ten years of immovable property shall be made with the previous sanction of the State Government.

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