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Central Provinces And Berar - Section

Section 14 in The Central Provinces and Berar Agricultural Produce Market Act, 1935

14. Power to borrow.

(1)A market committee may, with the previous sanction of the [Commissioner or such officer as the State Government may authorise in this behalf] [These words were substituted for the words 'State Government' by Bombay VIII of 1958, Schedule.] raise the money required for carrying out the purposes of this Act on the security of any property vested in and belonging to such committee and of any fees leviable by such committee under this Act.
(2)The conditions in which such money shall be raised and the time within which the same shall be repayable shall be subject to the previous sanction of the State Government.