(1) Municipality may, with the prior permission of the State Loan.
Government, obtain loan from any public financial institution or any nationalised bank or such other lending institution as the State Government may approve in this behalf, and the State Government may if it considers so necessary, stand as the guaranted for payment.
( 2 ) The State Government may require the Municipality to observe such financial discipline as the State Government may think fit and proper in doing so, the State Government-may prescribe different sets of rules for observance by different Municipalities.
Power 90. The Municipality shall, for the purposes of this Act, have power to to acquire acquire, by gift, purchase or otherwise, and hold, moveable and immoveable and hold property or any interest therein whether within or outside the limits of the property.
Municipal area.
Vesting of' 9 1 . Notwithstanding anything contained in any other law for the time being Property- in force, the moveable and immoveable properties of the following categories within the limits of a Municipal area shall vest in the Municipality, unless the State Government otherwise directs by a notificaiton in the official Gazette :
(a) all public land, not belonging to Central or State Government Department or statutory body ;
(b) all public tanks, streams , reservoirs, and wells
(c) all public markets and slaughter houses ;
(d) all public sewers, drains, channels, tunnels, culverts and water courses in, alongside, or under any street ;
(e) all public streets and pavements, bus, taxi or rickshaw stands or other parking or transportation terminals, stones and other materials thereof, and also trees on such public streets or pavements not belonging to any private individual ;
( f ) all public parks and gardens, including squares and public open spaces ;
(g) all public ghats on rivers or streams or tanks ;
(h) all public lamps, lamp-posts and apparatus connected therewith, or appertaining thereto ;
( i ) all public places for disposal of that including those govern by any specific law in this behalf;
Cj) all solid and liquid wastes collected on public street or public place, including dead animals and birds ;
(k) all stray animals not belonging to any private persons :
Provided that the State Government may by notification withdraw any public street, square, park, garden or transportation terminal and transfer to an agency for a limited period for development and maintenance in the public interest.
92. When any land whether within or outside the limits of a Municipal Acquisition of area is required for any public purpose under this Act, it may request the land.
appropriate authority to proceed to acquire it under the Land Acquisition Act, 1894 or any other law for the time being in force.
93. Whenever the Municipality makes a request for acquisition of land Special provisio~l for the purpose of providing a new street or for widening or improving an for acquisition existing street, it shall be lawful for the Municipality to ask for the acquisition ofladsadjoining of such additional land, ilnmediately adjoining the land to be acquired for streets.
such new street or existing street as may be required for the sites of building to be erected on either side of the street.
94. The property belonging to a Municipality may be disposed of in the Disposal of manner hereinafter provided, namely- property.
(a) the Municiplity may, in its discretion, dispose of, by sale, lease or otherwise, any moveable property belonging to the Municipality :
Provided that the State Government may require a Municipality to obtain prior sanction of the State Government if value of the property exceeds certain amount mentioned in the rules ;
(b) the Municipality may, for valuable consideration let out, 'give in lease, or sell or otherwise transfer, any immoveable property belonging to the Municipality for carrying out the purposes of this Act :
Provided that the State Government may by rules prescribe the mode of such sale and specify the value which, if it increases by way of consideration, shall require the prior approval of the State Government in this behalf :
(c) Save as otherwise provided in this Act, a Municipality shall not transfer any immoveable property vested in, but shall cause the same to be maintained, controlled and regulated in accordance with the provisions of this Act and the rules and regulations made thereunder :
Provided that the State Government may authorise, in the public interest, disposal of such iinmoveable property by the Municipality if the Municipality so requires for reasons to be recorded in writing.
Inventory Of 95. Every Municipality shall maintain an inventory and annual statement L d properties of of the moveable and immoveable properties of the Municipality in such the Municipalities. form and in such manner as may be prescribed.
CHAPTER VIII REGULATORY POWERS AND FUNCTIONS Power of the 96. ( 1 ) All Public streets, parking or transportation terminals, squares, Municipality parks and gardens vested in the Municipality shall be under the control of in respect of the Municipality who shall cause the same to be maintained improved, control of altered, closed, controlled and regulated to ensure public safety, convenpublic street- ience and movement of traffic and pedestrians in accordance with the provisions of this Act and the rules and regulations thereunder,
(2) Municipality may classify public or private streets in accordance with such rules as may be made in this behalf.
Rights of way 97. (1) Subjcet to the provisions of the IndianTelegraph Act, 1885, the for under Indian Electricity Act, 19 10 and such other Act as may be notified by the ground State Government sanction of the Municipality shall be required for any utilities. specific rights of way in the subsoil of public and private streets within the Municipal area for different public utilities including electric supply, telephone or other telecommunication facilities, gaspipes, water supply, sewerage ancl drainage, shopping plazas, warehousing facilities and apparatus and appurtenances related thereto by any person authorised under the relevent Acts.
(2) The Municipality may levy any fee or charges for granting such sanction.
(3) The Municipality may require such person to f~~rn i sh to the Municipality maps, drawings and statements which shall enable it to compile and maintain precise records of the placement of the underground utilities within or without the limits of the Municipal area.