Form of security &c
180. The from and manner of execution of any security given for the purpose of any loan under the Part, the mode and order of repayment of any sums borrowed and the arrangements for the liquidation of any loan, shall subject to the provisions of the Local Loans and Development Ordinance be such as may be prescribed by by-laws made under this Act, and, in the absence of any such by laws, shall be in accordance with the provisions of the Municipal Councils Ordinance, and the said provisions with the necessary modifications, shall in such circumstances apply to any loan made to any Pradeshiya Sabha under this Act. |