Amendment status not verified — confirm the current text below against the official source.
( I ) Save as otherwise rovided in this ACt md. there shall be a Port Trust Fun d ! (hereinafter referred to as the Fund) vcsted in the Board which shall bo comprised of- (a) all funds which immediately before the establishment 'of the Board had vested in Government or any other authority on account of the port under the India-n 150fIm. Ports Act, 1908 and the Orissa Ports ~ ~ ~ t l l a a Regulation, 1937 ; 11 of 1937. . : (b) all moneys received by or on behalf of the Baard under the rovleions of this Act P or m y othet la* as the time being in force or undet any contract; (c) aU proceeds of the Qis osal of property % by or on behalf 0f t e Board; (d) all rents accruing from any property of the Board; (e) a11 moneys raised by means of rates, fees, charges aod other dues levied for the purposes of this Act; If) all fines and penalties levied by or undeq the provisions of this Act; THE ORISSA PORT TRUST ACT, 1962 (Secs. 4142) (g) a11 moneys received , by or. on behalf of tl;e Board from Government, Central or State or from any individual or associa- tion of individuals by way of grant, .gift or deposit ; (h) all interests and profits arising from any investment of or from any transaction in connection with, any mqney behng- ing to the Board, including loans advan- ced under this Act; and (i) all honeys received by or on behalf of the Board from any other source whatsoever. (2) The Fund constituted under sub-section (1) shall be held by the Board in trust for the purposes of this Act subject to the provjsions herein contained and shall be maintained in the following distinct accounts, namely :- (a) the Pilotage Account relating to all moneys including a11 fees for Pilotage and all fines and penalties Ievied under this Act from pilots, har bour-masters or other persons employed in the Pilot Service other than fines and penalties imposed by a court; (6) the general account relating to all moneys received by or on behalf of the Board other than those specified in clause (a); and (c) such other speciaI accounts as Govern- ment may, lrom time to time, direct.