Victorian Consolidated Legislation

Carlton (Recreation Ground) Land Act 1966 - SECT 4

Corporation may make advances out of municipal fund

4. Corporation may make advances out of municipal fund



(1) The corporation may apply out of the municipal fund a sum or sums not
exceeding in the aggregate $200 000 for the purpose of making a loan or loans
to any lessee of the land described in Schedule 1 for the purpose of erecting
buildings on or making other improvements to that land.

(2) Any loan made by the corporation to a lessee shall be upon such terms and
conditions as the corporation thinks fit.