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C-47.1 - Municipal Powers Act
Section 17.4
Disposition versions
17.4. With the authorization of the Minister, a local municipality that participates in the operation of an enterprise referred to in section 17.1 may stand surety for a person operating that enterprise.
Before giving the authorization, the Minister may order the local municipality to submit the decision authorizing the suretyship to the approval of the qualified voters, according to the procedure prescribed for the approval of loan by-laws.
