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The Town Improvement Act, 1953 (East Bengal Act)

Section 116Application of sinking funds

In forceChapter VI FINANCE

Chapter VI FINANCE

Loans

s. 116

116. Application of sinking funds The aforesaid Trustees may from time to time apply any sinking fund, or any part thereof, in or towards the discharge of the loan or any part of the loan for which such fund was established; and until such loan is wholly discharged shall not apply the same for any other purpose.

End of s. 116.

Read the contents: The Town Improvement Act, 1953 (East Bengal Act)