Section 43: Nigerian Railway stock

(1) The Corporation may-
(a) create and issue any stock required for the purpose of exercising its borrowing powers under section 42 of this Act;
(b)
create and issue such stock as is required to satisfy the compensation payable by the Corporation in pursuance of section 37 of this Act, and such compensation shall be satisfied by the issue of stock of a total nominal value to be agreed between the Government and the Corporation, and the stock so created and issued is in this Act referred to as Nigerian Railway stock .
(2) Nigerian Railway stock is to be issued upon such terms as may be approved by the President, and such stock and the interest payable thereon shall be charged upon all the property, undertakings and revenue of the Corporation.