Section - 1 - Establishment of the Board.

    (1) There is hereby established a body corporate which shall be known as the Grains Development Board (hereinafter referred to as the "Board").

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

    (3) The Board shall have power, for the discharge of any of its functions, to acquire and hold any property and to dispose of such property and to enter into any contract or other transactions.

    (4) Where there is any hindrance to the acquisition of any property under subsection (3) of this section, the property may be acquired for the Board 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 with respect to any such acquisition with such modification as may be necessary to provide for the vesting of the property acquired thereunder in the Board and for the cost of such acquisition to be defrayed by the Board.