Antigua and Barbuda Development Bank (Amendment) Act, 2003 (No. 28 of 2003)

No. 28 of 2003. The Antigua and Barbuda Development 1 ANTIGUA Bank (Amendment) Act, 2003. AND BARBUDA [ L.S. I Assent, James B. Governor-General. ANTIGUA AND BARBUDA No. 28 of 2003 AN ACT to amend the Antigua and Barbuda Development Bank Act. [ 19th February, 2004 ENACTED by the Parliament of Antigua and Barbuda as follows: 1. This Act may be cited as the Antigua and Barbuda Devel- Short title. opment Bank (Amendment) Act, 2003. 2. Section 5 of the Antigua and Barbuda Development Bank Amendment Act is amended in subsection (2) by the addition of the follow- 5 paragraphs immediately after paragraph (e): Cap. 24. to accept on deposit any funds or securities of what ever nature from the Government, from any public or statutory authority, co-operative or friendly so ciety or any person or body whether within or out side Antigua and Barbuda; (g) to make payments duly authorised by any de positor with the Bank; • Carlisle, NtlUebruary, 2004 ] of section ing "(/) all ANTIGUA 2 The Antigua and Barbuda Development No. 28 of AND Bank (Amendment) Act, 2003. BARBUDA (h) to make loans or advances or provide any form of credit to the Government or to any public or statu tory body; (i) to make loans or advances or provide for any form of credit to any person, corporation, company, so ciety or body within or outside Antigua and Barbuda; to negotiate loans or advances or any form of credit with any person or body within or outside Antigua and Barbuda for or on behalf of the Government or any public, statutory or other body; (k) to enter into any contract with or act as agent or trustee for or representative of the Government or any person, agent or body or outside Antigua and Barbuda; (I) to engage in any investment banking business, de velopment finance business or banking business; Passed the House of Representatives Passed the Senate this 6th this 27th day of October, 2003. day of November, 2003. B. Harris, Speaker. S. Walker, Clerk to the House of Representatives. M. Percival, President. S. Walker, Clerk to the Senate. Printed at the Government Printing Office, Antigua and Barbuda by Walter A. Massiah, Government Printer By Authority, 2004. 800-2.04 [Price $1.201 2003. 0) within