Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsBorrowing powers of the Board of Directors
| 19. The Board of Directors may, with the concurrence of both the Minister and the Minister of Finance, or in accordance with the terms of any general authority given with like concurrence, borrow, by way of overdraft or otherwise, or negotiate and obtain on credit terms in Ceylon or abroad, such sums as the Board may require for meeting the obligations of the Corporation or carrying out its objects:Provided that the aggregate of the amounts outstanding in respect of any loans raised by the Board of Directors under this sub-section shall not at any time exceed such sum as may be determined by the Minister with the concurrence of the Minister of Finance. |