C-37.1 - Act respecting the Communauté urbaine de l’Outaouais

Section 145 Disposition versions

1985-01-01

145. The Community may, with the approval of the Minister, order, by by-law, a loan by notes, bonds or other securities and contract it on the conditions approved by him. In no case may the term of such a loan exceed fifty years.

1969, c. 85, s. 196; 1977, c. 80, s. 15; 1977, c. 5, s. 14; 1984, c. 38, s. 97.

0001-01-01

145. With the authorization of the Commission municipale du Québec, the Community may contract loans by notes, bonds or other securities, at the rate of interest and on the other conditions approved by the Commission municipale du Québec. The term of such loans shall in no case exceed fifty years.

Every loan that, under the law, must be ordered by by-law, also requires the authorization of the Minister.

1969, c. 85, s. 196; 1977, c. 80, s. 15; 1977, c. 5, s. 14.