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← Jurong Town Corporation Act 1968

Jurong Town Corporation Act 1968 s 14

s 14 Loan conditions

14.—(1) Where the Corporation is authorised to borrow money, the Corporation may, subject to the Minister’s approval or direction, raise money in any manner and, in particular, raise it by —(a) mortgage; (b) charge, whether legal or equitable, on any property vested in the Corporation or on any revenue receivable by the Corporation under this Act or any other written law; and (c) debentures, stocks, bonds or other instruments or securities issued by the Corporation. (2) The Corporation may, with the Minister’s approval or direction, fix such rates of interest and such terms, conditions and periods to secure the repayment of the sums borrowed as it thinks fit.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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