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Notwithstanding anything in this Part of this Act, a county council or a town council may revoke at any time in whole or in part any resolution for the creation of stock passed by the council under this Part of this Act if and as far as such resolution has not been acted on by the issue of stock thereunder:
Provided that any such revocation by the town council of a small burgh shall not have effect unless the Secretary of State consents thereto.
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