(1) Where any vessel is sunk, stranded or wrecked or abandoned in any seaport under the control of the Saint Lucia Air and Sea Ports Authority established under the Saint Lucia Air and Sea Ports Authority Act, hereinafter referred to as the Authority, or in any approach thereto, in such manner, as in the opinion of the Authority, is or is likely to be an obstruction or danger to navigation in that seaport or the approach thereto, the Authority may—
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(a) take possession of, and raise, remove or destroy the whole or any part of the vessel;
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(b) light or buoy the vessel or part of such vessel until the vessel is raised, removed or destroyed;
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(c) subject to subsections (2) and (3), sell in such manner as the Authority thinks fit the vessel or any part of the vessel so raised or removed, and also any other property recovered in the exercise of the Authority's powers under this section, and out of the proceeds of the sale, reimburse itself for the expenses incurred, and hold the surplus, if any, in trust for the persons entitled thereto.