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C-37.01 - Act respecting the Communauté métropolitaine de Montréal
Section 187
Disposition versions
187. The Community may, by a by-law approved by the Minister, order a loan for a purpose within its jurisdiction. In no case may the term of such a loan exceed 20 years. The loan shall be made in accordance with section 197.
The by-law need only mention the total amount of the principal of the loan it orders, the purposes for which the proceeds of the loan are to be used and the maximum term for which it may be contracted.
