1. By this Treaty, the High Contracting Parties establish the Southern African Development Community ( hereinafter referred to as SADC). 2. The Headquarters of SADC shall be at Gaborone, Republic of Botswana. ARTICLE 3 LEGAL STATUS 1. SADC shall be an international organisation, and shall have legal personality with capacity and power to enter into contract, acquire, own or dispose of movable or immovable property and to sue and be sued. 2. In the territory of each Member State, SADC shall, pursuant to paragraph 1 of this Article, have such legal capacity as is necessary for the proper exercise of its functions. Chapter Three PRINCIPLES, OBJECTIVES AND GENERAL UNDERTAKINGS ARTICLE 4 PRINCIPLES SADC and its Member States shall act in accordance with the following principles: a) sovereign equality of all Member States; b) solidarity, peace and security; c) human rights, democracy, and the rule of law; d) equity, balance and mutual benefit; e) peaceful settlement of disputes. ARTICLE 5 OBJECTIVES 1. The objectives of SADC shall be to: a) achieve development and economic growth, alleviate poverty, enhance the standard and quality of life of the people of Southern Africa and support the socially disadvantaged through regional integration; b) evolve common political values, systems and institutions; c) promote and defend peace and security; d) promote self-sustaining development on the basis of collective self-reliance, and the interdependence of Member States; e) achieve complementarity between national and regional strategies and programmes; f) promote and maximise productive employment and utilisation of resources of the Region; g) achieve sustainable utilisation of natural resources and effective protection of the environment;