468.32. In the pursuit of its objects, the management board may(1) have a seal;
(2) acquire movable or immovable property by agreement or expropriation, purchase, gift, legacy or other means;
(2.1) when it no longer needs the property, alienate it for valuable consideration, on pain of nullity; if the property is not alienated by auction or by public tender, the secretary shall publish each month, as the case may be, in a newspaper circulated in the territory under the jurisdiction of the management board, a public notice mentioning any property otherwise alienated by the management board in the preceding month, the person to whom it was alienated and the price of alienation, and he shall send a copy of the notice to the Minister of Municipal Affairs;
(3) where the object of the agreement is the supply of drinking water, the management of waste water or the development or operation of an airport, acquire, by agreement or expropriation, immovables within a radius of fifty kilometres outside the territory in which it has jurisdiction and dispose of it in the manner provided in subparagraph 2 of the first paragraph;
(4) enter into contracts, transact business, bind itself and bind others to itself, within its powers;
(5) issue, endorse, transfer, accept or receive notes, bills of exchange, cheques, bonds, debentures or other negotiable instruments;
(6) sue and be sued.