Singapore legislation
Clause 15
Clause 15
Loan conditions
Where the Corporation is authorised to borrow money it may, subject to the approval of the Minister, raise the money either by —
(a)
mortgage; or
(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; or
(c)
the creation and issue of debentures, stocks or bonds,and may, with the like approval, fix such rates of interest and such terms, conditions and periods to secure the repayment of the sums borrowed as it thinks fit.