PM Act 51अध्याय IV · Municipal Fund and Property

धारा 51 · [ Constitution of municipal fund. [Substituted for the old sections by Punjab Act No. 3 of 1933.]

- There shall be formed for each municipality a municipal fund, and there shall be placed to the credit thereof -

(a)

all sums received by, or on behalf of the committee under this Act or otherwise [land];

(b)

the balance (if any) standing at the credit of the municipal fund of the municipality at the commencement of this Act].[***] ['The words 'and' was omitted by Punjab Act No. 15 of 1940.]]

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