Section 6
Restriction on borrowing powers of body corporate so long as guarantee outstanding
of Loans Guarantee (Bodies Corporate) Act 1965
ActIn forceProvision 6 of 10
Section 6
So long as the Government shall continue liable under any guarantee given under this Act in respect of any sums raised by a body corporate, the body corporate shall not except with the consent of the Minister exercise any other power to borrow possessed by it.