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Faversham Oyster Fishery Company Act 2017
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- UK Local Acts
- 2017 c. i
- PART 2
- Section 8
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8Power to borrow
For section 23 of the 1930 Act (power to borrow) substitute—
“23Power to borrow
(1)The Company may from time to time borrow, by any methods it sees fit, such sums of money as it considers necessary for the purposes of its objects.
(2)A sum of money borrowed under subsection (1) by the Company may be borrowed upon the security of some or all of—
(a)its assets for the time being;
(b)its revenues;
(c)a combination of its assets and revenues,
in whatever way it sees fit.
(3)The Company may effect such arrangements as it thinks fit to mitigate against any financial risk incurred for the purposes of its objects.”.
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