Section 137. Powers of 2Corporation to enforce covenants against owner for the time being of land.

137. A covenant concerning any immovable property for the purposes of this Act entered into with the 1[Corporation] by the owner of such property or by any person to whom such property of the 1[Corporation] has been transferred by sale or exchange shall be enforceable by the 1[Corporation] against any person deriving title under the covenanter notwithstanding that the 1[Corporation] is not in possession of, or interested in, any immovable property for the benefit of which the covenant was entered into, in the like manner and to the like extent as if it had been possessed of or interested in such property.