13. From and after the publication of the aforesaid notice in the Gazette officielle du Québec, the syndicate shall become a corporation under the name given to it in such notice.
The Minister may, with the consent of the board of directors, change the name of the syndicate by a notice published in the Gazette officielle du Québec.
The syndicate may acquire and hold lands which it may sell, lease or otherwise dispose of; but it may not hold more than five hundred acres at any one time.
R. S. 1964, c. 115, s. 13.