section 95
Form, signature, exchange, transfer and effect of debentures.
The Trivandrum City Improvement Trust Act, 1960Civil1960160 sections7 chapters
Chapter V FINANCE
Statutory text
- (1) When ever money 15 borrowed by the Board on debentures, the debentures 1 shall be in such form as the Board may, with the previous sanction of the Government, determine. . (2) All debentures shall be signed by the Chairman and one other Trustee. , (3) The holder of any debenture in any form prescribed under sub-section (1) may obtain in exchange therefor a debenture in any other form so prescribed, upon such terms asthe Board may deter- mine.
- (4) Every debenture issucd bythe Board shall be transferable by endorsement, unless some other mode of transfer is specified therein,
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