123. 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 [by the State Government], shall be applied in the first place to satisfy any liabilities of the Municipality transferred under such provisions to [the State Government], and secondly for the benefit of the inhabitants of the local area.
Section 123: Application of funds and property accruing to Government under section 121 or 122
Uttar Pradesh Municipalities Act, 1916State Act of Uttar Pradesh · Act 2 of 1916
Where this provision sits
| Act | Uttar Pradesh Municipalities Act, 1916 |
|---|---|
| Section | 123 |
| Marginal note | Application of funds and property accruing to Government under section 121 or 122 |
| Jurisdiction | State of Uttar Pradesh |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted. 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.
- substituted. Subs. by A. O. 1950 for (Provl. Govt.), which had been subs. by the A. O. 1937 for (secretary of State in Council).
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