Singapore legislation
Section 14
Section 14
Loan conditions
Amended by23/9523/95
(1)
Where the Corporation is authorised to borrow money, the Corporation may, subject to the approval or direction of the Minister, raise money in any manner and, in particular, raise it by —
(a)
mortgage;
(b)
charge, whether legal or equitable, on any property vested in the Corporation or on any revenue receivable by the Corporation under this Act or any other written law; and
(c)
debentures, stocks, bonds or other instruments or securities issued by the Corporation.
Amended by23/95
(2)
The Corporation may, with the approval or direction of the Minister, fix such rates of interest and such terms, conditions and periods to secure the repayment of the sums borrowed as it thinks fit.
Amended by23/95