Malaysia legislation
Section 31
of Bintulu Development Authority Ordinance, 1978 ( Ord. No. 1/78 )
Section 31
Borrowing powers
The Authority may, from time to time, for the purposes of this Ordinance raise loans from the Government or, with the approval of the Yang di-Pertua Negeri, borrow money by⎯
(a)
mortgage or charge;
(b)
a temporary loan or overdraft from a bank or other financial source;
(c)
the creation and issue of bonds, debentures or debenture stock, or raise capital by the issue of shares or stock; or
(d)
some other method as the Yang di-Pertua Negeri may direct.
[Am. Ord. No. 6/82.]
23
Power to make advances