Singapore legislation
Section 11
Section 11
Power of Board to borrow and invest
(1)
The Board may borrow at interest, on the security of any corporate land or of any funds of the Board, such moneys as it may from time to time think necessary or expedient for carrying into effect the provisions of this Act.
(2)
The Board may invest the funds of the Board in such manner and to such extent as it may think necessary or expedient.
(3)
The Board may do all or any things incidental or appertaining to a body corporate. [9