Section 2, Act, 2002 (Act No 12 0f 2002);

(1) There shall continue in existence the body known asthe Guma Valley Water Company. (2) The Company shall be a body corporate having perpetual succession and capable of acquiring, holding and disposing of property, whether movable or immovable, of entering into contracts and of suing and being sued in its corporate name and, subject to this Act, of performing all such acts as bodies corporate may by law perform. (3) The Company shall have a common seal, the use of which shall be authenticated by the signatures of – (a) the Chairman or two other members of the Board authorised either generally or specially by the Board in that behalf; (b) the Managing–Director or some other person authorised by the Board in that behalf; or (c) any 2 of its other members authorised by resolution of the Board to act in that behalf.