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(1) The Council shall be a body corporate having perpetual succession and a common seal and may sue or be sued in its corporate name.

(2) The Council may hold, acquire or dispose of any property, movable or immovable for the purposes of this Decree and may do such things as appear to it to be necessary for the performance of its functions under this Decree.

(3) The common seal of the Council shall be kept in such custody as the Council may from time to time determine, and shall not be affixed to any document or instrument except by order of the Council, and in the presence of two members of the Council who shall sign any such document or instrument independently of the signatures of any person who may have signed the document or instrument as a witness.