section 113
Repayment of loans
Madhya Pradesh Municipal Corporation Act, 1956Infrastructure1956510 of 510 sections available
Chapter IX LOANS
Statutory text
Repayment of loans --
Every loan raised by the Corporation under section 102, shall be repaid within the time approved under provision
- (iii) to sub-section
- (1) of the said section and by such of the following methods as may be approved namely -----
- (a) by payment from a sinking fund established under section 114 in repect of the loan, or
- (b) by equal payments of principle and interest, of
- (c) by equal payments of principle, or
- (d) in the case of a loan, borrowed before this Act comes into force by the method which was in operation for the repayment of such loan; or
- (e) from any sum borrowed under section 102 (1), (iii), or
- (f) partly from the sinking fund established under section 114 in respect of the loan and partly from money borrowed for the purpose under provision
- (iii) to sub-section
- (1) of section 102.
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