Section 31
Borrowing powers
of Bintulu Development Authority Ordinance, 1978 ( Ord. No. 1/78 )
State OrdinanceIn forceProvision 31 of 39
Section 31
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.]
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