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C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 224
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224. With the authorization of the Commission municipale du Québec, the Community may contract loans by notes, bonds or other securities, at such rate of interest and on such other conditions as are 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. 84, s. 259; 1977, c. 5, s. 14; 1977, c. 80, s. 10.
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