Section - 1 - Establishment of National Film and Television Institute.

    (1) There is hereby established a National Film and Television Institute in this Decree referred to as "the Institute".

    (2) The Institute shall be a body corporate, with perpetual succession and a common seal and may sue and be sued in its corporate name.

    (3) The Institute may, for and in connection with the carrying out of its functions under this Decree or any other enactment, purchase, hold, manage or dispose of any movable or immovable property and may enter into such contracts and transactions as may be expedient.

    (4) Where there is any hindrance to the acquisition by the Institute of any property the property may be acquired for the Institute under the State Property and Contracts Act, 1960 (C.A.6 ) or as the case may be, under the State Lands Act, 1962 (Act 125) and each such Act shall, as the case may be, apply in relation to any such acquisition with such modifications as may be necessary to provide for the vesting of the property acquired thereunder in the Institute and for the cost of the acquisition to be defrayed by the Institute.