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The Chittagong Development Authority Ordinance, 1959 (East Pakistan Ordinance)

( Ordinance NO. LI OF 1959 )

Chapter V

FINANCE

Loans

Power of Authority to borrow money
46. The Authority 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 59, or
 
 
 
 
(b) repaying any loan previously taken under this Ordinance.

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