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C-19 - Cities and Towns Act
Section 458.26
Disposition versions
458.26. The municipality may stand surety for the association as regards the repayment of a loan of the association.
The second and third paragraphs of subsection 3 of section 28 apply in respect of such a surety.
458.26. The council may, by by-law subject to all the formalities of a loan by-law, guarantee the repayment of loans contracted by the association.
