Chapter 29:15 URBAN COUNCILS ACT (f) make regulations for any area in which any land referred to in paragraph (a), (b) or (c) is situated or to which the proposal concerned relates, as the case may be, for any of the purposes set out in subsection (2) of section two hundred and thirty-five as if any reference therein to the State included a reference to the council and in such event— (i) where there is a conflict between by-laws made by the council and regulations made by the Minister, the latter shall prevail; (ii) subsections (3), (5), (7) and (8) of section two hundred and thirty-five shall apply, mutatis mutandis. (3) Before taking action in terms of subsection (2) the Minister shall— (a) publish in at least three issues of a newspaper notice of his intention to take such action and calling for representations to be made in regard thereto; (b) consider any representation made in terms paragraph (a). 207 Repayment of loans made in respect of estate development Any loan made in terms of section two hundred and five shall be repaid to the council on such conditions as the council may determine: Provided that— (i) the rate of interest shall not be more than one per centum per annum above the rate of interest charged at the date of the loan by the State in respect of loans made to local authorities; and (ii) in no case shall the period for the repayment of the total amount loaned exceed thirty years. 208 Security for loans made in respect of estate development Security for the repayment of any loan made in terms of section two hundred and five and interest thereon shall be a first mortgage on the property in respect of which that loan has been made: Provided that loans may be made in terms of that section without such bond if the dwelling in respect of which the loan is made is situated upon land held by the council, but which has not been transferred and which will not be transferred until the loan and any money owing to the council has been paid. 209 Contracts (1) A council may enter into contracts for any purpose authorized by law and may require and take security from any person for the due performance of his obligations under any such contract. (2) Without derogation from the generality of subsection (1), a council may enter into contracts referred to in section 35 of the Electricity Act [Chapter 13:05] for the operation of an electricity undertaking or for the carrying on of any activity incidental thereto. 210 Municipal procurement board (1) Every municipal council shall appoint a municipal procurement board consisting of not less than five and not more than seven members, which shall be responsible for arranging tenders in terms of section two hundred and eleven and for making recommendations to the council in regard to the acceptance of tenders and the procurement of goods, materials and services. (2) A municipal council shall designate one of the members of the procurement board as chairman of the board. (3) The quorum of the procurement board shall be four members. (4) A municipal council shall not procure any goods, materials or services unless its municipal procurement board has made recommendations to the council thereon and the council has considered such recommendations. (5) The Minister may make regulations enabling municipal procurement boards to set up technical committees or specialized procurement committees or to co-opt appropriate 76