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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. | ||
