Section 241: Registered bonds.

(1) Every registered bond shall be signed by the Minister, Commissioner or Chairman or such other appropriate officer of a body and shall, when issued, bind the issuer to pay the principal sum and the interest on that sum in accordance with the provisions of this Act at the rate and on the dates specified in the trust deed.
(2) Registered bonds shall be issued in such denominations as the Minister, Commissioner, Chairman or such other appropriate officer of a body with the consent of the Commission may direct.