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Bengal Presidency - Section

Section 98 in Calcutta Improvement Act, 1911

98. Repayment of loans taken under section 89. - Every loan taken by the Board under section 89 shall be repaid within the period approved by the [State Government] under that section, and, subject, to the provisions of section 125, sub-section (2), by such of the following methods as may be so approved, namely: -

(a)from a sinking fund established under section 99 in respect of the loan, or
(b)by paying equal yearly or half-yearly instalments of principal, or of principal and interest, throughout the said period, or
(c)if the Board have, before borrowing money on debentures, reserved, by public notice, a power to pay off the loan by periodical instalments and to select by lot the particular debentures to be discharged at particular periods - then by paying such instalments at such periods, or
(d)from money borrowed for the purpose under section 89, clause (b), or
(e)partly from the sinking fund established under section 99 in respect of the loan, and partly from money borrowed for the purpose under section 89, clause (b).