Bare ActsThe howrah improvement act, 1956

Section 106

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

Every loan rnkcn by rhc Board under section 98 shall bc rcpaid within the period approved by h c Slate Governmcnr under [hat scction. and, subject lo rhc provisions of sub-secrion (2) of scclion 135, by such of thc following melhods as may bc so approved, namc1y:- (a) lronl a sin king fund established under section 107 in respccl or h c loan. or (b) by payingequal ycarly or half-yearly instalmen ts of principal, or of principal and inrerest. throughoul lhe said pcriod, or, (c) if h e Board have, before borrowing money on deben- rurcs, reserved, by public nolice, a power to pay o f f ~ h e loan by periodical jnstalrnents and to s e l e c ~ by lot thc parricular dcbenlures lo be discharged at pdcular pcriods- tltc~! by paying such insraln~en~ ai such periods, or (d) irom money borrowed lor h e purposc under clause (6) of section 98, or (c) panly from hc sinhng fund cslablished undcr section 107 in respecr of h e loan, and par~ly from money borrowcd for the purpose under ciausc (b) of secuon 98.

Section 106 – The howrah improvement act, 1956 | DailyLaw.ai