12(1)With the approval of the Lieutenant-Governor in Council, the Corporation may, from time to time, borrow or raise money for temporary purposes by way of overdraft, line of credit or loan, or otherwise upon the credit of the Corporation, from a chartered bank or other financial institution in such amounts not exceeding in the aggregate one hundred thousand dollars of principal outstanding at any one time upon such terms, for such periods and upon such other conditions as the Corporation may determine.