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C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 229
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229. When a by-law authorizes the Community to borrow a certain amount either in the legal tender of Canada or in the currency of one or more foreign countries, the total amount of the loan thus authorized shall be that expressed in the legal tender of Canada.
The amount of each loan effected pursuant to such a by-law through an issue of securities in the legal tender of a foreign country is determined, in relation to the total amount authorized by the by-law, by multiplying the amount of the principal of the issue, expressed in the currency of such foreign country, by the market value in Canadian dollars of the unit of such country the day of delivery against payment of such securities.
1974, c. 82, s. 29.
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