section 107
Repayment of loans
The Madhya Pradesh Municipalities Act, 1961Infrastructure1961370 of 371 sections available3 chapters
Chapter III CONDUCT OF BUSINESS
Statutory text
Repayment of loans.-Notwithstanding anything contained in Section 106, it shall be the duty of a Council to apply annually out of the Municipal fund first such as may be required for the payment of any amount falling due on any loan legally contracted by it.
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