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C-27.1 - Municipal Code of Québec

Section 1063
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1063. Every by-law ordering or authorizing a loan or an issue of bonds must specify the rate of interest on the proposed loan and the purposes to which the sum to be borrowed is to be applied, and contain all provisions deemed requisite to ensure the proper application of the money and the attainment of the end set forth in the by-law.
M.C. 1916, a. 759; 1917-18, c. 60, s. 20; 1919, c. 59, s. 26; 1933, c. 118, s. 3.
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