Amendment status not verified — confirm the current text below against the official source.
Transfer to the Corporation of the property of the Municipal Corporation.— All such immovable and other property as is held by, or in trust for, or has been granted by 2[the 3[Government]] to the Corporation under, or in pursuance or for the purposes of any Act hereby repealed, shall, upon and after the date when this Act comes into force, vest in the Corporation in trust for the purposes of this Act, but subject to all charges and liabilities affecting the same.