Section 185. Power of Corporation to borrow

CHAPTER IX BORROWING 185. Power of Corporation to borrow.— (1)[1] [[2] [The Corporation]] may, in pursuance of any resolution passed by it, borrow by way of debenture or otherwise on the security of all or any of the taxes, — rates, cesses, fees and charges authorised by or under this Act, any sums of money which may be required (a) for acquiring any land which it has power to acquire; (b) for erecting any building which it has power to erect; (c) for the execution of any permanent work, the provision of any plant, or the doing of any other thing which it has power to execute, provide or do, if the cost of carrying out the purpose in question ought to be spread over a term of years; 5[(d) to pay off any debt due to the Central Government or the Government;] 1. Subs. by Delhi Act 12 of 2011, s. 2 "the Corporation" (w.e.f. 13-1-2012). 2 . Subs. by Act 10 of 2022, s. 2, for "A Corporation" (w.e.f. 22-5-2022).