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Section 6

of Local Loans Ordinance 1959

State OrdinanceIn forceProvision 6 of 27

Section 6

(1)

The interest upon principal represented by each debenture shall run from the date of issue named in that behalf in that debenture, and shall be paid half-yearly by the

Accountant-General on dates prescribed by the Financial Secretary.

(2)

There shall be attached to each debenture coupons for the payment of interest to become due in each half-year upon the principal represented by the debenture.

Debentures and coupons transferable by delivery.

Read in full context — Local Loans Ordinance 1959 →