Singapore legislation
Clause 39
Clause 39
Power to borrow
A Town Council may raise any loan, chargeable upon and payable out of the revenues and assets of the Town Council, of such sums of money as may be required for —
(a)
the purposes of meeting expenses or liabilities in respect of any works specified in section 33(6)(a);
(b)
the repayment of any loan previously raised for any such purposes; and
(c)
such other purposes as may be prescribed.