Singapore legislation

Clause 41

of Port of Singapore Authority Ordinance

Clause 41

Loans charged upon the revenues of the Authority

All loans raised by the Authority under section 40 of this Ordinance, together with all interest and other sums payable in respect thereof, shall be charged indifferently upon all the revenues of the Authority and shall rank equally one with another, with priority over any other charge on the revenues of the Authority.

Read in full context — Port of Singapore Authority Ordinance →