Amendment status not verified — confirm the current text below against the official source.
(1) The Council may dispose of any moveble property. belonging to a osing of municipality in such manner alld subject to such terms and cond~tions as may be vable and prescribed. novable perties (2) No sale of any land or any other immovable property belonging to the ?ol municipality shall be made by the Council: nIapal1ty. Provided that where ~ n y municipal land or building is required by the Central I or State Government for any public purpose. the Council may permit the sale of such land or building. (3) The Council may grant licence to any person for use ~ n d occupation of any land or building belonging to the municipality for e period not exceeding three , years pn payment of fee at such rates and in accordance with such rules as may be prescribed and such l~cence shall not be extended or renewed after three year period is over. (4) The licence fee referred to in sub-section (3) shall be paid in the following manner, namely :- (a) in the case of licence granted for a period not exceeding one year the . licence fee shall be paid at the time of granting such licence; I I (b) in the cabb. Flicence granted for a period not exceeding two years,- I (i) the licence fee for the first year shall be paid at the time of granting Svch licence ; and (ii) the licence fee for the second year shall be the licence fee for the first year wlth ten percent of such fee and be paid at the beginning of the second Far ; (c) in the case of licence granted for a period not exceeding tbree years, - (i) the licence iee for the first year shall be paid ?t the time of granting sucll licence ; {ii) the licence fee for the second year shall be the licenc fee for the first year wlth ten percent of such fee and be paid at the begimiu of the second vear ; and r I (iii) thelicence fee fox the third year shall be the licence fee for the second Year with fifieen percent of such fee and be paid at the b?gi,ginning of' the third year. - --- -. ----- -- - --- -- . -- - ----- . - T A X A T I O N .