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C-37.1 - Act respecting the Communauté urbaine de l’Outaouais

Section 146
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146. The Community may, by resolution, order temporary loans for the payment of current administration expenses and contract them on the conditions and for the term it determines.
The Community may also contract loans under the first paragraph for the payment of all or part of the expenses made under a loan by-law. If, in that case, the amount exceeds 90% of that of the securities the issue of which is authorized by the by-law, the Community shall obtain prior authorization from the Minister.
1969, c. 85, s. 197; 1977, c. 5, s. 14; 1984, c. 38, s. 97.
146. The loans of the Community shall be ordered by by-law, except in the case of loans by notes the term for repayment of which does not exceed one year; in such last mentioned case, a mere resolution approved by the Commission municipale du Québec shall be sufficient.
1969, c. 85, s. 197; 1977, c. 5, s. 14.
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