As per the Rajasthan Co-operative Societies Act, 2001, which among the following is not correct regarding loans on Land Development?

1
The interest on the debentures may carry the guarantee of the State Government
2
The principal of the debentures may carry the guarantee of the State Government
3
the mortgaged properties and other assets section held by the State Land Development Bank shall vest in the Trustee
4
 the holders of debentures shall have a fixed charge on mortgages and assets

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