Gujarat Stamp Act, 1958
(1) Notwithstanding anything in this Act, any local authority raising a loan under the provisions of the Local Authorities Loans Act, 1914, or any other law IX of need not be stamped, and shall not be chargeable with any further duty on renewal, other than for the time being in force, by the issue of bonds or securities other debentures issued on shall, in respect of such loan, be chargeable with a duty of [two per centum] on the aggregate total amount of such bonds or securities issued by it, and such bonds or securities Act IX of consolidation, sub-division or otherwise.