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[Cites 0, Cited by 0] [Section 87] [Entire Act]

State of Rajasthan - Subsection

Section 87(1) in Rajasthan Co-operative Societies Act, 1965

(1)With the previous sanction of the State Government and the Trustee and subject to such terms and conditions as the State Government may impose, the State Land Development Bank in the discharge of its function as a Land Development Bank may issue debentures of such denominations, for such period, and at such rates of interest, as it may deem expedient, on the security of mortgages, or mortgages to be acquired or partly on mortgages held and partly to be acquired and properties and other assets of the Land Development Banks.