Amendment status not verified — confirm the current text below against the official source.
Whenever he borrowing of any sum has bccn approvcd under Lows from Banks. . . . - seclion 98, rhc Board may, instcad of borrowing such sum or any part thereof from rhc public, rake crcdi t rrorn any Bank. on a cash account to be kept in the name of the Board, [o the cxlenr of such sum or part; and, with rhe previous sanction ofrhc State Govcrnmenl, may grant mortgages 01 311 or any propcrly ves~ed in the Board by way of sccuring the paymcnr of thc amounl of such credii or of [he sums from ljrnc to time advanced on such cash account with inrcrcst.