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(1) There is hereby established a body by the name Establish- "Lembaga Letrik Sabah" or in English "Sabah Electricity Board" which shall be a body corporate with perpetual succession, capable of suing and being sued in its corporate name and with power to purchase or hold and exchange or alienate or otherwise deal with in any lawtul mamner whetsoe or, any property movable and immovable, and to enter into contracts and generally to do such acts and things as a body corporate may do by law and as are necessary for, or incidental to, the carrying out of its objects and the exercise of its powers as set out in this Act. <44995 (2) T'he Board shall have a common seal which shall bear such device as the Board may approve and such seal may trom time to time be broken, changed, alterec and made anew by the Board, as the Board may think fit. (3) Until a common seal is provided under subsection (2), a stamp bearing the inscription "Lembaga Letrik Sabah" may be used as the common seal of the Board.