State Act
156
Section 156. Corporation to have power to borrow from banks against Government promissory notes or securities.
The Greater Hyderabad Municipal Corporation Act, 1955.
Act no. 2 of 19561956In forceTelangana (State Act)
156. Notwithstanding anything contained in sections 149 and 152 the Corporation may also borrow for the purpose of this Act, from any bank or banks in which under section 178 the surplus moneys at the credit of the municipal fund may be deposited, against any Government promissory notes or other securities in which for the time being the cash balance of the Corporation may be invested.