59. Any municipality which has obtained the authorization of the Société to carry out a program contemplated in section 51 or for the purposes of section 54 may, for the carrying out of such program, contract loans for a term not exceeding 50 years, by a by-law requiring only the approval of the Minister of Municipal Affairs, Regions and Land Occupancy, who may authorize the municipality to give such guarantees as he may determine.
1966-67, c. 55, s. 57; 1974, c. 49, s. 21; 1977, c. 5, s. 14; 1982, c. 63, s. 246; 1984, c. 38, s. 165; 1999, c. 40, s. 273; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2009, c. 26, s. 109.