Appointment of Trustee and his powers and functions

5. The Registrar, or where the [State Government] appoint any other person in this behalf such person, shall be the Trustee for the purpose of securing the fulfilment of the obligations of the [State Land Development Bank] to the holders of debentures issued by the Board. The mortgages and other assets transferred (or deemed under the provisions of section 23-A to have been transferred) by the [primary land development banks] to the [State Land Development Bank] shall vest in the Trustee from the date of such transfer. The holders of the debentures shall have a floating charge on all such mortgages and assets, on the amount paid under such mortgages and remaining in the hands of the Board or of the Trustee and on the other properties of the [State Land Development Bank]. The powers and functions of the Trustee shall be governed by the instrument of trust executed between the Bank and the Trustee as modified from time to time by mutual agreement between the Board and the Trustee