Bare ActsThe Mumbai Municipal Corporation Act.

Section 95

Period of repayment of consolidated loan

Amendment status not verified — confirm the current text below against the official source.

Period of repayment of consolidated loan.— (1) The whole of the consolidated loan, together with the interest due thereon, shall be repaid within thirty years from the first day of January, 1881. (2) Mode of repayment.— For better securing the repayment of the said loan, the Commissioner shall pay half-yearly to 10[the 11[Government]], on every first day of January and every first day of July, until the whole of the said loan, together with the interest due thereon, shall be liquidated, a sum of one lakh seventy-eight thousand three hundred and twenty-six rupees, two annas and five paise.

Section 95 – The Mumbai Municipal Corporation Act. | DailyLaw.ai