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The Town Improvement Act, 1953 (East Bengal Act)

( ACT NO. XIII OF 1953 )

Chapter VI



Power of Kartripakkha to borrow money
104. The Kartripakkha may from time to time borrow, at such rate of interest, and for such period, and upon such terms, as to the time and method of repayment and otherwise, as the Government may approve, any sum necessary for the purpose of-
(a) meeting expenditure debitable to the capital account under section 137, or
(b) repaying any loan previously taken under this Act.

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