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PART II

PART II

THE PERBADANAN

Establishment of the Perbadanan
 
3. (1) A body corporate by the name of "Perbadanan Labuan" is established
  (2) The Perbadanan shall have perpetual succession and a common seal.
  (3) The Perbadanan may sue and be sued in its name.
  (4) Subject to and for the purposes of this Act, the Perbadanan may, upon such terms as it deems fit -
 
    (a) enter into contracts;
    (b) acquire, purchase, take, hold and enjoy movable and immovable property of every description; and
    (c) Convey, assign, surrender, yield up, charge, mortgage, demise, reassign, transfer or otherwise dispose of, or deal with, any movable or immovable property or any interest therein vested in the Perbadanan
 
Fungsi dan kuasa Perbadanan
 
Function and Powers of the Perbadanan
 
4. (1) The functions of the Perbadanan shall be -
 
    (a) to promote and stimulate the Federal Territory of Labuan as a tourist destination, duty free area and trade centre;
    (b) to promote, stimulate, facilitate and undertake economic and social development in the Federal Territory of Labuan;
    (c) promote, stimulate and undertake the development of art, culture, sport and recreational activities in theFederal Territory of Labuan;
    (d) to promote, stimulate, facilitate and undertake the development of tourism and infrastructure as well as residential, agricultural, industrial and commercialdevelopment in the Federal Territory of Labuan;
    (e) to perform all functions of a local government in the Federal Territory of Labuan;
    (f) to perform all functions of a local planning authority in the Federal Territory of Labuan;
    (g) to control and co-ordinate the performance of the activities mentioned in paragraphs (a) , (b) , (c ) dan (d) in the Federal Territory of Labuan; and
    (h) to co-ordinate the performance of the activities carried out by Government agencies in the Federal Territory of Labuan.
 

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