Section 36
Borrowing powers and gifts
A board 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 State Authority may approve, any sums required by it for meeting any of its obligations or discharging any of its duties.
(2)
A board may accept any gifts made to the board for all or any of the purposes for which the board was established and, subject to the terms of any gift, apply them for this purpose in accordance with this Act.
(3)
A board may, with the approval of the State Authority, enter into contracts of guarantee or indemnity for the purpose of facilitating the acquisition or erection of dwelling houses by officers or other servants of the board.
Land Development 29