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28/06/2022
Laws of Bangladesh

The Khulna Development Authority Ordinance, 1961 (East Pakistan Ordinance)

( Ordinance NO. II OF 1961 )

Chapter V

FINANCE

Loans

Power of Authority to borrow money
48. 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 61, or
 
 
 
 
(b) repaying any loan previously taken under this Ordinance.

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