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The University shall be a body corporate known theUmver5llY. by the name of the 1Punjab University having per- petual succession and a common seal, with power to ac- quire and hold property, moveable and hnmoveable, to transfer the same, to contract , and to do all other things necessary for the purpose of its constitution and may sue in, or be sued by, its corporate name. Purp_oses. of 1he