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PART V


PART V
OTHER POWERS OF THE PERBADANAN
 
Power to Borrow
 
20. (1) The Perbadanan may from time to time, with the approval of the Minister, borrow, at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the Minister may approve, any sums required by the Perbadanan for meeting any of its obligations or discharging any of its duties.
  (2) The Perbadanan may from time to time, with the approval of the Minister, borrow money by the issue of bonds, debentures or stock of such class and value and upon such terms as it may, with the approval of the Minister, deem expedient, for all or any of the following purposes:
 
    (a) the provision of working capital;
    (b) the performance of the functions, the exercise of the powers and the discharge of the duties of the Perbadanan under this Act;
    (c) the performance of such additional functions as may be undertaken by the Perbadanan under this Act;
    (d) the redemption of any shares or stock which the Perbadanan is required or entitled to redeem; and
    (e) any other expenditure properly chargeable to capital account.
 
Investment
 
21.   The assets of the Perbadanan, in so far as they are not required to be expended by the Perbadanan under this Act, shall be invested in such manner as the Minister may approve.
 
Power to Employ
 
22.   The Perbadanan may employ and pay agents and technical advisers, including advocates and solicitors, bankers, stockbrokers, surveyors, valuers and other persons, to transact any business or to do any act required to be transacted or done in the performance of its functions, the exercise of its powers or the discharge of its duties or for the better carrying into effect the purposes of this Act.
 

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