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C-37.3 - Act respecting the Communauté urbaine de Québec

Section 159
Disposition versions

Full text
159. The Community may, with the approval of the Minister, order, by by-law, a loan for a purpose within its competence, and contract it according to the mode and on the conditions approved by him. In no case may the term of such a loan exceed fifty years.
1969, c. 83, s. 201; 1977, c. 80, s. 4; 1977, c. 5, s. 14; 1984, c. 38, s. 124.
159. With the authorization of the Commission municipale du Québec, the Community may contract loans by notes, bonds or other securities, at the rate of interest and on the other conditions approved by the Commission municipale du Québec. The term of such loans shall in no case exceed fifty years.
Every loan that, under the law, must be ordered by by-law, also requires the authorization of the Minister.
1969, c. 83, s. 201; 1977, c. 80, s. 4; 1977, c. 5, s. 14.
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