Amendment status not verified — confirm the current text below against the official source.
The Board shall, for the purposes of this Act, POW? ta have power to acquire and hold immovable or movable acqulrc, hold or property or any interest therein, whether within oralienate without the h i t s of the port, and also the power toproperw lease or sell any immovable or movable property which may have been vested in or acquired by it: Provided that no acq~isition of immovable property or sale or lease for a term exceeding ten years of any immovable projjerty shall be valid uniess the sanction of Government to such acquisition, sale or lease has been hst obtained. 522 THE ORISSA PORT RUST ACT, 1962 [Or. Act 3 Application