Section 5 • THE ASSAM CO-OPERATIVE LAND MORTGAGE BANK ACT, 1960
Section 5. Issue of debentures by the Board. (1)
With the previous sanction of the Trustee of the Board may, from time to time, issue debentures one or more denominations for such periods as it may deem expedient, on the security of the mortgages and other assets transferred or deemed to have been transferred under Section 21 by the Mortgage Banks to the Central Mortgage Bank and other properties of Central Mortgage Bank.
{
"act_title": "THE ASSAM CO-OPERATIVE LAND MORTGAGE BANK ACT, 1960",
"act_slug": "assam-co-operative-land-mortgage-bank-act-1960",
"section_label": "Section",
"section": {
"number": "5",
"title": "Section 5. Issue of debentures by the Board. (1)",
"chapter": null,
"content": "With the previous sanction of the Trustee of the Board may, from time to time, issue debentures one or more denominations for such periods as it may deem expedient, on the security of the mortgages and other assets transferred or deemed to have been transferred under Section 21 by the Mortgage Banks to the Central Mortgage Bank and other properties of Central Mortgage Bank.",
"footnote": "",
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