(1) A port authority may, subject to section 86 ¾

(a) borrow or re-borrow moneys;

(b) obtain credit;

(c) issue, acquire, hold or dispose of debt paper;

(d) create and issue capital instruments; or

(e) otherwise arrange for financial accommodation to be extended to the port authority.

(2) Capital instruments under subsection (1)(d) are to be created and issued on such terms as a port authority determines and the Minister approves.

(3) A port authority is to keep such registers for the purposes of this section as may be prescribed.

(4) In subsection (1) ¾

}debt paper~ means inscribed stock, bonds, debentures with coupons annexed, bills of exchange, promissory notes or bearer securities, or other similar instruments evidencing indebtedness.