Western Australian Current Acts

THE WESTERN AUSTRALIAN TURF CLUB ACT 1892 - SECT 26

26 .         Borrowing powers

        (1)         The chairman may —

            (a)         borrow or re-borrow money; and

            (b)         otherwise arrange financial accommodation.

        (2)         Money borrowed or otherwise becoming available under subsection (1) shall be applied for the purposes of the club.

        (3)         A person who lends or otherwise makes money available under subsection (1) is not bound to see to the application, nor answerable for the loss or misapplication, of the money.

        [Section 26 inserted: No. 24 of 1997 s. 6.]

[ 27.         Deleted: No. 24 of 1997 s. 7.]