Amendment status not verified — confirm the current text below against the official source.
Q) The Board may from time to time, with the previous sanetion of the State Government and, sub- ject to the provisions of this Act and to such ¢ i+ ions as May he prescribed in this behalf, berrew any sum required for the purposes at this Act. 2) The rules niade py the State Government for the purposes of this section may empower the Board to porrow b issue of debentures and to make arrangements with bankers. (3) All debentures issued by the Board shall pe in such form. as the State Government, ray from tine: to tim (4) Every debenture shall be signed by the Cheivyman and one other member of the Board. (5) Loans borrowed and geventures jssued under this section may be guarantees! py the Srate Government as to the repayment of principal and the ayment of interest at such rate gig may be fixed hy the State Government.