Section 25
of Lembaga Kemajuan Wilayah Jengka Act 1983
Section 25
The Lembaga may from time to time borrow, at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the Minister may approve any sums required by the Lembaga for meeting any of its obligations or discharging any of its duties.
(2)
The Lembaga may from time to time, with the approval of the Minister, borrow money by the issue of bonds, debentures or debenture stock or raise capital by the issue of shares or stock of such class and value and upon such terms as it may, with the approval of the Minister, deem expedient, for all or any of the following purposes:
(a)
the provision of working capital;
(b)
the fulfilling of the duties of the Lembaga under this Act;
(c)
the fulfilling of such additional functions as may be undertaken by the Lembaga under this Act;
(d)
the redemption of any shares or stock which it is required or entitled to redeem; and (e) any other expenditure properly ch
(e)
any other expenditure properly chargeable to capital account.