Amendment status not verified — confirm the current text below against the official source.
Estah/is/'menu and maintenance of s.jnkin Jund.—( 1) Whonevcr a. itsan ha:/ to he t'cpfll(I from a sinking Fund. the' Board lai1 cstabhisheU sucit a'fuud. ,. and .sl)alh pay into it every year until the 101Tfl is:repairl, a stttu 50 ctilOulMcd , ' that ii' regulal'hy paid throughout the period agrc'od upon by the 1oard, it would, wit Ii acçuunulatiouis in the way of' compund intei'est, b' stirncicnt . 0c after payment of' all cpcnscs, to pay off the loanh at' the end of that pr1L : 3741580/2019/OS-HOUSING 192 39 (2). rate of' intere$t pn the basis, of' which the sum vefrrecl 1') i ii subsecioi' (1) shall be calëulacd ) shall be such as zay be ireseri)ird. 100 l'owei to dIssQ,1WWe .- p*aya4eIi ts into siitk big Jund ---Noiwi tInt uidiii iythirtg coisu\uit n sectIon 9, if it any time tist. ->urn st iniiiiig at j cdii of Ite sliluog fuild C abjihed'for rcpayiit nt of my 10 in is of ittch amoitrit i. jilt the raic of lOtet c't pi cscubed undei sub secUot () Ofliar ecpon t w1mfl he s ~ifflclent to xepAy the lou at the end dfth id 'agt'ecdii1ii.hy he l3oard, then the 'Board may dicotinue ftirtler 4llll6al payneut .i;to §401 fhiid. .101 , afin/eizijithd..-.'-(l ) AU moneys paid into aily sikitig lust iat-as-oon as possible, beinvested bythcWord iii--- () Gveiimieut scurities; or • (l) sCUrities guarantepd by the Central or SLate Government; ui (c) clbentuses jsed by any local authority ; or • (d) dcbeuture issuel b'jcli Board of' trustees of (lie Ports iii the State; or • (e) tlberttures'i ;sudb the Board in the joint names or cite Exonminet- of' J4eaE Puxtd Accounts 1ei%la, and the Accountant GimeriiI, Kerala, to he'hidcl'by. them, in tmustfr th repayment of tlieloaii lot- which thu sinking lunch was etabh1shcd,. All dividends and ottjer sugts received iii respect of aity such iiivcst • meat )iitU, as sqon as posshle fter receipt, be, paid into the sinking fuid and - nvestd in the manner laid ddwn in sub,section (1) Any inyestsnetxt tnad uider thus section may, from hOle IU StOIC su1)jcct40 th provisions'of- sub'section (1) : be varied or titinspused.