24.2215 Borrowing of money by fund.

Cite as [A.S.C.A. § 24.2215]

The Copra Fund shall have the power, on affirmative vote of at least 4 Directors, to borrow money for any corporate purpose, on open account or upon any assets of the Copra Fund, or any property not yet distributed to the producers, in such amounts and upon such terms and conditions as may from time to time seem to the Board of Directors advisable or necessary.

History: 1962, PL 7-24.