Amendment status not verified — confirm the current text below against the official source.
Corporation to have power to borrow from banks against Government promissory notes or securities.— Notwithstanding anything contained in sections 106 and 109, the corporation may also borrow, for the purpose of this Act, from any bank or banks in which under section 122 the surplus moneys at the credit of the municipal fund may be deposited, against any Government promissory notes or other securities in which for the time being the cash balance of the corporation may be invested.] 1 These words were substituted for the words “the Accountant General Bombay” by Mah. 42 of 1976, s. 7. 2 The words “Provincial Government” were substituted for the words “Local Government” by the Adaptation of Indian Laws Order in Council. 3 This word was substituted for the word “Provincial” by the Adaptation of Laws Order, 1950. 4 These words were substituted for the words “the Accountant General Bombay” by Mah. 42 of 1976, s. 7. 5 These words were substituted for the words “the Accountant General Bombay” by Mah. 42 of 1976, s. 7. 6 The words “Provincial Government” were substituted for the words “Local Government” by the Adaptation of Indian Laws Order in Council. 7 This word was substituted for the word “Provincial” by the Adaptation of Laws Order, 1950. 8 New sections 109A, 109B and 109C were inserted by Bom. 13 of 1933, s. 24. 9 The words “Provincial Government” were substituted for the words “Local Government” by the Adaptation of Indian Laws Order in Council. 10 This word was substituted for the word “Provincial” by the Adaptation of Laws Orders, 1950. 11 The words “Provincial Government” were substituted for the words “Local Government” by the Adaptation of Indian Laws Order in Council. 12 This word was substituted for the word “Provincial” by the Adaptation of Laws Orders, 1950. 158 The Mumbai Municipal Corporation Act [1888 : III