Bare ActsTrivandrum City Improvement Trust Act, 1960

Section 100

Repayment of loans taken under section 95.--

Amendment status not verified — confirm the current text below against the official source.

Every loan taken by the Board shall be repaid with the period approved by the Government and, subject to the provisions of sub-section (2) of section 123, by such of the following methods as may be so approved, namely:-- (a) from a sinking fund established under section 101 in respect of the loan, or (b) by paying equal yearly or half-yearly instalments of principal, or of principal and interest, throughout the said period, or (c) if the Board has, before borrowing money on debentures, reserved by public notice a power to pay off the loan by periodical instalments and to select by lot the particular debentures to be discharged at particular periods then, by paying such instalments at such periods, or (d) from money borrowed for the purpose, or (e) partly from the sinking fund established under section 101, in respect of the loan, and partly from money borrowed for the purpose.

Section 100 – Trivandrum City Improvement Trust Act, 1960 | DailyLaw.ai