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F-1 - Act respecting fabriques

Section 27
Disposition versions

Full text
27. (1)  With the authorization of the bishop, a fabrique may borrow money repayable during the then current fiscal year; the amount due under such loans shall not exceed one-fourth of the ordinary receipts of the fabrique for the preceding fiscal year.
(2)  The bishop may grant any fabrique a general authorization to contract, on such conditions as he determines, the loans contemplated in subsection 1.
1965 (1st sess.), c. 76, s. 27.
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