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← Penang Port Commission Act 1955

Penang Port Commission Act 1955 s 46

Penang Port Commission Act 1955 s 46

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 46 Power to borrow money, and secure loans by mortgage

The Commission may, from time to time, subject to the approval of the Minister, borrow, by way of overdraft or otherwise, such sums as it may require for meeting its obligations and discharging its functions under this Act and may secure the repayment of any sum borrowed by the mortgage or charge, legal or equitable, of any property vested in the Commission, or of any revenue receivable by the Commission under this Act.

Read this section in the full act → · Open Part IV →

Find Act 140 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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