State Act
149
Section 149. Powers to borrow from Central or State Government or other persons.
The Greater Hyderabad Municipal Corporation Act, 1955.
Act no. 2 of 19561956In forceTelangana (State Act)
149. The Corporation may, from time to time, borrow or re-borrow and take up at interest from the Central or the State Government or with the sanction of the Government, from any other person, any sum necessary for the purpose of— (a) defraying any costs, charges or expenses incurred or to be incurred by them in the execution of this Act, (b) discharging any loan contracted under this Act or any other loan or debt for the repayment of which they are liable, (c) making good any deficit in budget estimate, framed under section 184, (d) generally, carrying out the purposes of this Act.