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C-27.1 - Municipal Code of Québec

Section 1067
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Full text
1067. (Repealed).
M.C. 1916, a. 761; 1927, c. 74, s. 14; 1966-67, c. 54, s. 6; 1984, c. 38, s. 79; 1988, c. 84, s. 705; 1995, c. 34, s. 51.
1067. The rate of interest shall not exceed that fixed under section 50 of the Act respecting municipal debts and loans (chapter D-7).
M.C. 1916, a. 761; 1927, c. 74, s. 14; 1966-67, c. 54, s. 6; 1984, c. 38, s. 79; 1988, c. 84, s. 705.
1067. The rate of interest shall not exceed that fixed under section 50 of the Act respecting municipal and schools debts and loans (chapter D-7).
M.C. 1916, a. 761; 1927, c. 74, s. 14; 1966-67, c. 54, s. 6; 1984, c. 38, s. 79.
1067. The rate of interest shall not exceed that fixed under section 50 of the Act respecting municipal and schools debts and loans (chapter D-7).
When the by-law authorizes a loan by an issue of bonds, the Minister of Municipal Affairs may allow the municipality to borrow at a lower rate of interest than that fixed in the by-law, if it be shown to him that the change is to the advantage of the municipality.
M.C. 1916, a. 761; 1927, c. 74, s. 14; 1966-67, c. 54, s. 6.
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