The National Heritage Board is an example of a typical statutory board. It was established on 1 August 1993 with the enactment of the National Heritage Board Act. Section 3 of the Act states: "There shall be established a body to be known as the National Heritage Board which shall be a body corporate with perpetual succession and shall, by that name, be capable of—(a) suing and being sued; (b) acquiring, owning, holding, developing and disposing of property, both movable and immovable; and (c) doing and suffering all such acts or things as bodies corporate may lawfully do or suffer." The functions of the Board are: