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C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 306.14
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306.14. The Société may, by by-law, order a loan for a purpose within its competence, except as regards the financing of the construction of the subway network and the acquisition of the rolling-stock needed to operate it. The term of such a loan shall in no case exceed 50 years.
The by-law need only mention the total amount of the principal of the loan that it orders, the purposes for which the proceeds of the loan are to be used and the maximum term for which it may be contracted.
The by-law requires the approval of the Council and of the Minister of Municipal Affairs and Greater Montréal.
1985, c. 31, s. 25; 1990, c. 41, s. 99; 1999, c. 40, s. 68; 1999, c. 43, s. 13.
306.14. The Société may, by by-law, order a loan for a purpose within its competence, except as regards the financing of the construction of the subway network and the acquisition of the rolling-stock needed to operate it. The term of such a loan shall in no case exceed 50 years.
The by-law need only mention the total amount of the principal of the loan that it orders, the purposes for which the proceeds of the loan are to be used and the maximum term for which it may be contracted.
The by-law requires the approval of the Council and of the Minister of Municipal Affairs.
1985, c. 31, s. 25; 1990, c. 41, s. 99; 1999, c. 40, s. 68.
306.14. The corporation may, by by-law, order a loan for a purpose within its competence, except as regards the financing of the construction of the subway network and the acquisition of the rolling-stock needed to operate it. The term of such a loan shall in no case exceed 50 years.
The by-law need only mention the total amount of the principal of the loan that it orders, the purposes for which the proceeds of the loan are to be used and the maximum term for which it may be contracted.
The by-law requires the approval of the Council and of the Minister of Municipal Affairs.
1985, c. 31, s. 25; 1990, c. 41, s. 99.
306.14. The corporation may, by by-law, order a loan for a purpose within its competence. The term of such a loan shall in no case exceed fifty years.
The by-law need only mention the total amount of the principal of the loan that it orders, the purposes for which the proceeds of the loan are to be used and the maximum term for which it may be contracted.
The by-law requires the approval of the Council and of the Minister of Municipal Affairs.
1985, c. 31, s. 25.
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