14.
| (1) The Corporation may, with the consent of the Minister and subject to such terms and conditions as he thinks fit, borrow temporarily, by way of overdraft or other wise, such sums as the Corporation may require for meeting the obligations or discharging its duties under this Act: |
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| (2) The Corporation may, with the consent of the Minister given with the concurrence of the Minister in charge of the subject of Finance, borrow money otherwise than by way of a temporary loan by the issue of stock (hereinafter referred to as " Television Corporation Stock ") for any of the following purposes:
| | (a) the provision of money for meeting any expenses incurred in connection with any work involving the installation, establishment, operation and maintenance of any apparatus required for television broadcasting and of television broadcasting stations; | | |
| | (b) the acquisition of any land or interest in land for the above-mentioned purposes; | | |
| | (c) the redemption of any stock issued or any loan raised by the Corporation ; | | |
| | (d) the repayment of any money temporarily borrowed under subsection (1). | | |
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| (3) Television Corporation Stock shall be issued, transferred, dealt with, redeemed and cancelled in accordance with such terms and conditions as may be determined by the Corporation with the approval of the Minister given with the concurrence of the Minister in charge of the subject of Finance. |
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Sri Lanka Consolidated Acts