Amendment status not verified — confirm the current text below against the official source.
Property vested in Corporation and management of public institu- tions. - (1) Subject to any special reservation made or to any special conditions imposed by the Government, all property of the nature hereinafter in this section specified and situated within the City, shall vest in and be under the control of the Corporation, and with all other property, which vests in the Corporation by virtue of the provisions of this Act or any other law for the time being in force, shall be held and applied by it for the purposes of this Act, that is it say - (a) all such public town walls, gates markets, stalls, slaughter houses, manure and night-soil depots and public buildings of every description as have been constructed or are maintained out of the Corporation Fund ; (b) all public streams, springs and works for the supply, storage and distribu- tion of water for public purposes, and all bridges, buildings, engines, ma- terials and things connected therewith or appertaining, thereto, and also any adjacent land (not being private property) appertaining to any public tank or well; (c) all public sewers and all drains, and sewers, drains, culverts and water courses in or under any public street, or constructed by or for the Corpo- ration alongside any public street, and all works materials and things ap- pertaining thereto ; (d) all public lamps, lamp-posts, and apparatus connected therewith or apper- taining thereto ; (e) all land or other property transferred to the Corporation by the Government or acquired by gift, purchase or otherwise for public purchase or otherwise for public purposes ; (f) all public streets, not being land owned by Government and the pavements, stones and other materials thereof, and also trees growing on and erections, materials, implements and things provided for, such streets. (2) Where any immovable property is transferred otherwise than by sale by the Government to a Corporation for public purposes, it shall be deemed to be a con- dition of such transfer, unless specially provided to the contrary that should the property be at any time resumed by Government the compensation payable there- for, shall notwithstanding anything to the contrary in the Land Acquisition Act, 1894, in no case exceed the amount, if any paid to the Government for the transfer, together with the cost or the present value whichever shall be less, of any buildings erected other works executed on the land by the Corporation. (3) The Corporation shall maintain a register and a map of immovable property of which it is the proprietor or which vests in it, or which it holds in trust for the Government. (4) The management, control and administration of every public institution maintained out of the Corporation Fund shall vest in the Corporation. (5) When any public institution has been placed under the direction, manage- ment and control of the Corporation, all property, endowments and funds belonging thereto shall be held by the Corporation in trust for the purposes to Punjab Municipal Corporation Act, 1976, Section 169 73 which such property, endowments and funds were lawfully applicable at the time when the institution was so placed : Provided that the extent of the independent authority of the Corporation in re- spect of any such institution may be prescribed by the Government : Provided further that nothing in this section shall be held to prevent the vesting of any trust property in the treasurer of Charitable endowments under the Charitable Endowments Act, 1890. CHAPTER X Property and Contracts Section 170