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C-37.3 - Act respecting the Communauté urbaine de Québec
Section 160
Disposition versions
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160. The loans of the Community shall be ordered by by-law, except in the case of loans by notes the term for repayment of which does not exceed one year; in that case, a mere resolution approved by the Commission municipale du Québec shall be sufficient.
However, when a loan has been ordered by a by-law of the Community, the executive committee may make any temporary loan with the approval of the Commission municipale du Québec for such term and on such conditions as it deems expedient while awaiting conclusion of the permanent loan.
