146.1. The borough council may adopt a loan by-law for the realization of an item of the programme of capital expenditures of the borough adopted by the city council.
The repayment of the loan is to be borne by all the owners of taxable immovables in all or part of the borough.
The by-law shall be submitted to the qualified electors for approval, except where the subject of the by-law is referred to in subparagraph 2 of the first paragraph of section 148.