Section 3
ActIn forceProvision 3 of 14
Section 3
(1)
The Minister may from time to time raise, by the issue of stock in the manner provided in this Act, such sums of moneys as
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he may determine, provided that the total amount of such stock issued and not redeemed shall not exceed the sum of one hundred million ringgit at any one time.
(2)
The loan hereby authorized shall be raised in Malaysia by the issue of registered stock under Part III.
(3)
All stock issued under this Act shall be redeemable within a period not exceeding five years from the date of issue.