Section 121
Power of Board to borrow money.
About this Act
An Act to consolidate and amend the law relating to the administration of cantonments with a view to impart greater democratisation, improvement of their financial base to make provisions for developmental activities and for matters connected therewith or incidental thereto.
A Board may from time to time by a resolution passed in
this behalf borrow money from another Board, on mutually agreeable terms any sum of money which
may be required for the schemes or projects covered under this Act.