with the previous sanction of the '[Administrator] and subject to the provisions of
this Act and to such conditions as may be prescribed in this behalf borrow any
sum required for the purposes of this Act.
(2) The rules made by the '[Administrator] for the purposes of this section
may empower the Board to borrow by the issue of debentures and to make ar
rangements with bankers,
(3) All debentures issued hy the Board shall be in such torm as the Board,
with the sanction of '[Administrator], may from time to time, determine.
(4) Bvery debenture shall be signed by the '[Chief Executive Officer] 2[
(5) Loans borrowed and debentures issued under this section may be guar
anteed by the "[CliIltra' Governmeull as to the repayment of principal and the
payment of interest at such rate as may be Fixed by the "[Central Government].
Section 60 • THE HARYANA HOUSING BOARD ACT, 1971 (AS EXTENDED TO CHANDIGARH)
Section 60. Power ofBourd to borrow* - (\) The Board may from time to time,
the-haryana-housing-board-act-1971-as-extended-to-chandigarh-sec-60.json
•
Section 60
{
"act_title": "THE HARYANA HOUSING BOARD ACT, 1971 (AS EXTENDED TO CHANDIGARH)",
"act_slug": "the-haryana-housing-board-act-1971-as-extended-to-chandigarh",
"section_label": "Section",
"section": {
"number": "60",
"title": "Section 60. Power ofBourd to borrow* - (\\) The Board may from time to time,",
"chapter": null,
"content": "with the previous sanction of the '[Administrator] and subject to the provisions of \nthis Act and to such conditions as may be prescribed in this behalf borrow any \nsum required for the purposes of this Act. \n(2) The rules made by the '[Administrator] for the purposes of this section \nmay empower the Board to borrow by the issue of debentures and to make ar\nrangements with bankers, \n(3) All debentures issued hy the Board shall be in such torm as the Board, \nwith the sanction of '[Administrator], may from time to time, determine. \n(4) Bvery debenture shall be signed by the '[Chief Executive Officer] 2[ \n(5) Loans borrowed and debentures issued under this section may be guar\nanteed by the \"[CliIltra' Governmeull as to the repayment of principal and the \npayment of interest at such rate as may be Fixed by the \"[Central Government].",
"footnote": "",
"is_definition": false,
"sort_order": 560
},
"prev_section": "59",
"next_section": "61"
}