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Expand Clauses 1-2: Interpretation Clauses 1-2: Interpretation
Expand Clauses 3-4: Membership Clauses 3-4: Membership
Clause 5: Termination of membership
Expand Clauses 6-9: General Meetings Clauses 6-9: General Meetings
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Expand Clauses 21-26: Board of Directors Clauses 21-26: Board of Directors
Collapse Clauses 27-30: Powers and Duties of the Board Clauses 27-30: Powers and Duties of the Board
27: Budget approval
28: Borrowings and securities
29: Negotiable instruments
30: Minutes of meetings
Expand Clauses 31-41: Proceedings of the Board Clauses 31-41: Proceedings of the Board
Clause 43: Company Seal
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Clause 46: Auditor
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Clause 49: Winding Up
Clause 50: Indemnity

Introduction > Clauses 27-30: Powers and D... > 28: Borrowings and securities

Clause 28: Borrowings and securities

28.       The Board may exercise all the powers of the Authority to borrow money and to mortgage or charge its property, or any part thereof, and to issue debentures and other securities whether outright or as security for any debt, liability, or obligation of the Authority.