Section 47
of Lembaga Letrik Sabah Act 1983
ActRepealedProvision 47 of 90
Section 47
(1)
The Board may, from time to time, with the approval of the Minister, borrow money by the issue of debenture stock or otherwise for the purpose of this Act.
(2)
The Board may, from time to time, for the purpose of this Act, raise loans from the Government, or with the consent of the Minister, borrow by way of a temporary loan or overdraft from a bank licensed under the provisions of the Banking Act 1973, or otherwise.