Section 4Part 2 — Power To Raise Loans
Issue of registered securities for the purpose of raising authorised loans
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4. (1) Whenever, by any law or a resolution of the Legislative Assembly, authority is given to the Governor in Council to raise any money by way of loan for any purpose mentioned in that law or resolution, or whenever it is necessary to raise any sum of money for the purpose of repaying any loan raised by the Government under this or any other law or a resolution of the Legislative Assembly, the Governor in Council may, from time to time, raise such sum or any part thereof under this Law by the creation and issue of registered securities.
Each issue of registered securities made under this Law for the purpose of raising any specified sum of money shall be deemed to be securities issued in respect of a separate loan notwithstanding that the sum of money so raised is