Any municipal fund or portion of a municipal fund or other property of a Municipality accruing under the provisions of section 121 or 122 to 1[by the State Government], shall be applied in the first place to satisfy any liabilities of the Municipality transferred under such provisions to 2[the State Government], and secondly for the benefit of the inhabitants of the local area.
Footnotes in the official text
- 1.Subs. by A. O. 1950 for (His Majesty for the purposes of the Province.), The words (for the purposes of the province) were ins. by A. O. 1937.
- 2.Subs. by A. O. 1950 for (Provl. Govt.), which had been subs. by the A. O. 1937 for (secretary of State in Council).