60. Any municipality in whose territory the works of any company are situated, may subscribe to or take stock in the company, or may lend any sum of money, on hypothec or otherwise, to the company, or contribute in any manner towards advancing the object for which the company has been constituted as a legal person.
R. S. 1964, c. 285, s. 60; 1996, c. 2, s. 583; 1999, c. 40, s. 73.