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C-27.1 - Municipal Code of Québec

Section 703
Disposition versions

Full text
703. The instalments required for paying the interest and sinking fund of the capital of the bonds, are due only by the ratepayers interested in the redemption, and no tax may be imposed on taxable property which does not benefit by the redemption. Nevertheless, the municipality shall be responsible for the amount of the loan.
M.C. 1916, a. 443; 1996, c. 2, s. 455.
703. The instalments required for paying the interest and sinking-fund of the capital of the bonds, are due only by the ratepayers interested in the redemption, and no tax may be imposed on taxable property which does not benefit by the redemption. Nevertheless, the corporation shall be responsible for the amount of the loan.
M.C. 1916, a. 443.
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