Repayment of loans

Every loan taken by the Board shall be repaid by the Board within the period agreed upon by the Board by such of the following methods as may be approved by the State Government, namely -

(a) Front sinking fund established under section 69 in respect of the loan; or (b) By paying in equal yearly or half yearly installments of principal or of principal and interest through out the said period; or (c) If the Board has before borrowing money or debentures, reserved by the public notices, a power to pay off the loan by periodical installments and to select by lot the particular debentures to be discharged at particular periods then, by paying such installments in respect of such debentures at such periods, (d) from money borrowed for the purpose ; or (c) partly from the sinking fund established under section 69 in respect of loan, and partly from money borrowed for the purpose.