F-4 - Industrial Funds Act

Full text
6. The money derived from the sales or leases shall be used to extinguish the liabilities incurred by the municipal corporation, to pay the interest and other expenses incurred for such operations. Any surplus shall be deposited in a special fund the use of which shall be subject to the prior approval of the Minister of Municipal Affairs.
R. S. 1964, c. 175, s. 5.