Section 9: Financial provisions.

(1) The funds of the College shall consist of grants made to it by the Federal Government and such other sums as may accrue to it from time to time as provided for by the provisions of this Act.
(2) The Board may borrow such moneys as it may require on such terms and conditions as it deems fit, and if need be upon such security of all or any of the property movable or immovable of the College.
(3) The Board may invest any moneys belonging to the College by way of endowment (whether for general or special purposes) and any such moneys of the College as may not be immediately required for current expenditure in any investments or securities or in purchase or improvement of land, with power to vary any such investments and to deposit any moneys for the time being uninvested with any bank on deposit or current account.