Section 135 in Kolkata Municipal Corporation Act, 1980
135. Limit to the power of raising loan.
- Notwithstanding anything hereinbefore contained, the power of the Corporation to raise a loan shall be limited so however that the sums payable under this Act during any year for interest and for the maintenance of Sinking Funds established under this Act shall not exceed fifteen per cent of the annual value of land and buildings as determined under this Act.
