PM Act 51Chapter IV · Municipal Fund and Property
Section 51 · [ Constitution of municipal fund. [Substituted for the old sections by Punjab Act No. 3 of 1933.]
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- 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.]]Your private note on this section
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