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I-13.3 - Education Act

Section 507
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507. (Repealed).
1988, c. 84, s. 507; 2005, c. 20, s. 7.
507. Failing an agreement with the Council, a confessional or dissentient school board shall be authorized to take out loans in accordance with sections 288 to 290.
The bonds or other evidences of indebtedness or securities issued by a confessional or dissentient school board on the island of Montréal must rank pari passu with all other undertakings of the Council in respect of loans of money not secured by hypothec or other encumbrance.
1988, c. 84, s. 507.
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