Amendment status not verified — confirm the current text below against the official source.
THE ANDAMAN AND NICOBAR EXTRAORDINARY GAZEITE. DEC. 8, 1994 .Hudqet. --------_.------,---------- (2) No contract by or on .beho.lf of 0- My.niC?~~l~ty whereot-the value or mIlOWlt exceeds ~W9 llim~~d rupeea, shall ~ entered into until It has been SdnGtioned at a meeting ot the Municipality. , 64.(1) Every contract made by or onbehalt of a Municipality whereof the value of amount exceed one hundred. rupees shall, be in writing and shall' be . signed by two members, of I whcm the Chalrperson or a Vice-<..1lairpereon s~ll be one and countersigned by the ~ecretary: Mode· of executing- contracts and tro.nster of property. Provided that when the powers of entering into any contract on bebalf tbe Municipality has been delegated under section 63, t.he aiqnature or signatures of the members or members (or the Signature of the f.ecretary) to 'rihOlll the power has been delegated Bh~ll be sufficient. (2) Every tl ensrer of immovo..ble property .belonging to a Mlm:icipality other than a Leaee for a term not exceeding one year shall be made by an instrument. in writing, executed by the ChClirperoon or 0. Vice-<:hairperson and by atleost t .••• o me.wbers of the MuniCipality whose execution thereof sMll be nttested .by the Seqretary. (3) No contrect or transfer executed. otherwise than in conformity with the provisions of this sectiQn shall be binding on a Municipality. •••• 1" , C. MUNICIPAL BUDGET 65.(1) Every Municipality snail,have prepared and laid before it. at a meeting to be held ··"in every year before such date as is f~xed by rules in this behalf. o. coeplet.e account pf the actual and expected receapta and expendi,(;ture tor the year ending on the thirty first day of March next follOWing such date. together with a budget 1/ estimate of the j neane and the expenditure of the Municiaplity for the year commencing on the first ' day of Apri 1 next following. (2) Ina Mun~cipality shall at such meeting decide upon the appropriations and the ways and means contained in the budget estima~e and by !' special resolution, eenct.ton a bUdget which shall be subbitted to ~he Administrator. (3) The Municipality may vary' 01;" alter fram time to time ns circumstances may render desirable. by special resoluti?n. the hudget sanctioned under sub-section (2). ',' " .' , , l THE ANDAMAN AND NlCOBAR EXTRAORDINARY GAZETTE, DEC. 8, 1994 I 39 ' ... i