(1)  The Sullivans Cove Waterfront Authority is established.

(2)  The Authority –

(a) is a body corporate with perpetual succession; and

(b) has a seal; and

(c) may sue and be sued in its corporate name.

(3)  All courts and persons acting judicially must take judicial notice of the imprint of the seal on a document and presume that it was duly sealed.