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Extension of the borrowing powers of the Corporation.
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24.—(1) The purposes for which the Corporation may borrow under the Public Health Acts, 1878 to 1931, shall extend to and include all the purposes of the execution of the waterworks and the performance by the Corporation of the obligations imposed on it by the Scheduled Agreement.
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(2) Money borrowed by the Corporation under the Public Health Acts, 1878 to 1931, for any of the purposes of the execution of the waterworks or the performance by the Corporation of the obligations imposed on it by the Scheduled Agreement shall not be reckoned as part of the debt of the Corporation for the purpose of any limitation on borrowing imposed by those Acts.
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