Section 226: Bodies to publish details of loans in the Gazette or other official document.

(1) The particulars of each loan to be raised pursuant to this Act shall be published in the Gazette or any other official document by the body raising the loan and shall include the following:
(a) the beneficiary of the loan;
(b) the sum of money to be raised by the loan;
(c) the mode or modes of raising the loan;
(d) the rate of interest payable on the loan;
(e) the dates in each year on which the half-yearly or quarterly interest on the loan shall be payable;
(f) the time at which a half-yearly or quarterly appropriation out of the general reserve and assets of the body or project of the body shall be made as a contribution;
(g) the date of redemption of the registered bond or securities to be issued for the purpose of raising the loan; and
(h) any other information relating to the loan considered necessary to effectively raise the loan.
(2) The date of redemption of any registered bond or securities shall not be later than twenty five years from the date of the issuance of the registered bond or securities.
(3) Where it is deemed expedient by a body to reserve an option to redeem any registered bond or securities at any date earlier than the date of redemption specified for such bond or securities by the directions under subsection (1) of this section, the body shall by such directions further specify the terms and conditions upon which the bond or securities may be redeemed at such earlier date.