Singapore legislation
Clause 9
Clause 9
Power of the Board to borrow and invest
(1)
The Board may borrow at interest on the security of any movable or immovable property of the Board, such monies as it may from time to time think it necessary or expedient.
(2)
The Board may invest the funds of the Board in such manner and to such extent as it may think it necessary or expedient.
(3)
The Board may do all or any thing incidental or appertaining to a body corporate.