(In U.K. £20)
Charge of service
of loan to particular account.
s.200
Balance of unexpended moneys.
s.202
Lenders relieved from certain inquiries.
8.203
Stock regulations.
8.204
*
PART VIII
51
notify the Governor as soon as the order has been complied
with.
(4) An order made under the last preceding sub-section
may be enforced, at the instance of the Governor, by
mandamus.
(5) If a return required to be made under this section
is not made, the person in default shall be liable, an
summary conviction, to a fine not exceeding five hundred
dollars, and notwithstanding the recovery of any such fine
the making of the return may be enforced, at the instance of
the Governor, by mandamus.
82. Where a loan is raised to meet any expenditure of
the Council which is chargeable to a particular account
there shall be debited to that account all sums required for
repayment of the principal of the loan, or for payment of
interest thereon, or for making payments to any sinking fund
established for the purposes thereaft".
83. The balance of any money borrowed by the Council
and not required for the purposes for which the money was
borrowed may, with the consent of the Governor, and subject
to any conditions which he may impose, be applied to any
other purpose for which capital money may be applied.
84. A person lending money to the Council shall not
be bound to inquire whether the borrowing of the money is
or was legal or regular or whether the money raised was
properly applied, and shall not be prejudiced by any
illegality or irregularity in the matters aforesaid or by
the misapplication or non-application of any such money.
Provisions relating to Stock.
85. (1) For the purposes of any borrowing by the
Council by means of an issue of stock under this Fart of
this Ordinance, stock may be created, issued, transferred,
dealt with, and redeemed in such manner as may be prescribed
by regulations made by the Governor in Council.
(48)
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