Amendment status not verified — confirm the current text below against the official source.
All moneys received by or on behalf of a municipality by virtue of this or any other Act; all taxes, fines and penalties paid to or levied by it under this Act other than fines imposed by any Court; all proceeds of land or other property sold by the municipality, and all rents accruing from its land or property ; and all interest, profits and other moneys accruing by gift or transfer from the Government or private individuals or otherwise, shall constitute the municipal fund, and shall be held and dealt with in a similar manner to the property specified in section 80. Provided that- (a) nothing in this section or in section 75 shall in any way affect any obligation accepted by or imposed upon any municipality by any declarations of trust executed by or on behalf of such municipality or by any scheme settled under the Charitable Endowments Act, 1890 or the Bombay Public Trusts Act, 1950, for the administration of any trust or by a trust of the nature specified in clause (b) of I of 1894. Decision of claims to property by or against the municipality. Municipal fund. VI of 1890. Bom. XXIX of