Arrangement of Sections
4. Whenever by any Act authority shall have been given, or shall hereafter be given, to
6. bentures shall be issued in the United Kingdom on behalf of the Government of the Fed-
8. (a) at par on a fixed date to be declared on the issue of the debentures such date
10. Form of debenture and coupons
Interpretation.
Loans to be raised by debentures or stock.
Loans to be a charge upon general revenue.
Borrowing upon debentures.
Amount of each debenture.
Redemption of debentures.
Interest coupons.
Form of debenture and coupons.
Debentures and coupons transferable.
11 Registry of debentures.
12. Payment of interest.
13. Mode of providing for payment of interest on debentures.
14. Further sums to be remitted for the redemption of the debentures.
15. Application of sinking fund.
16. Creation of sinking fund for redemption of debentures payable on a fixed date.
17. Disposal of sinking fund when debentures are redeemed by purchase or by annual draw-
ings.
Appointment of day for drawing of debentures.
Notice of time and place appointed for drawing.
Mode of drawing.
Notice of debentures drawn for redemption.
Payment of drawn debentures.
Cesser of interest from day appointed for payment of principal.
Redeemed debentures to be cancelled.
Borrowing upon stock.
When the principal is to be repaid.
Mode of providing for payment of interest on stock.
Mode of providing for payment of principal of stock.
Creation of sinking fund.
Charge upon general revenue.
Expenses to be paid out of sinking fund.
Powers of the President.
( b ) Conversion of loans generally.
SECTION
( d) Sale of stock or debentures to raise moneys.
Exchange of securities for stock.
Converted securities to be cancelled.
Trustees to apportion amount of sinking fund released by conversion.
Sinking funds released, how to be disposed of.
Sinking fund contributions.
Creation, inscription, registration, issue, conversion and transfer of stock.
Raising of loans in Nigeria.
Regulations for transfer of stock by instrument in writing.
Effect of amendment of short title.
Continue reading General Loan and Stock Act
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