Establishment of Institute
3.  There is hereby established an Institute to be known as the Institute of Technical Education, Singapore which shall be a body corporate with perpetual succession and a common seal and shall, by that name, be capable of —
(a)suing and being sued;
(b)acquiring, owning, holding or disposing of property, both movable and immovable; and
(c)doing all such other acts as bodies corporate may lawfully do.