Section No :

Legislative Enactments LOCAL LOANS Marginal Notes 1. This Ordinance may be cited as the Local Loans and Development Ordinance. 2. Commissioners. [ 2, 9 of 1974] [ 2, 24 of 1993] 3. Staff. [ 3, 24 of 1993] 4. Duty of commissioners. 5. Assignment of existing loans. [ 3, 9 of 1974] 6. Commissioner may obtain loans from Consolidated Fund, banks, &c [ 4, 9 of 1974] 7. Repealed By [ 5, 9 of 1974] 8. Constitution of fund. [ 6, 9 of 1974] [ 4, 24 of 1993] 9. Purposes for which loans may be granted [ 7, 9 of 1974] [ 5, 24 of 1993] 10. Limits of borrowing powers, 11. Regulations. 12. Minutes and proceedings. 13. Report. 14. Application of the provisions of the Finance Act, No. 38 of 1971. [ 8, 9 of 1974] 14A. Financial year of the board of commissioners [ 9, 9 of 1974] 15. Security for loans. 16. Power of local authority to mortgage rate or tax. 17. charge on property and priority of loan. 18. Power where rate or tax in default. 19. Loans by commissioner a Crown debt. 20. Security for completion of works partly finished or not commenced. 21. Examination as to proper application of moneys lent 22. Order of commissioners upon examination. 23. Misapplication of loan. 24. Enforcement of securities. 25. Power to administer oaths. 26. Suspension of payment of principal and interest. 27. change of security. 28. Power to extend time, compound, or release. 29. Payment of loan before the same is due. 30. Conversion of existing loans, [ 10, 9 of 1974] 31. Service of notices, 32. Meaning of mortgagor, 33. [ 11, 9 of 1974] [ 6, 24 of 1993]