Amendment status not verified — confirm the current text below against the official source.
1 [ 152-A. (1) The 2 [Mayor], 3 [ * * * ], and every member, officer and servant of the 4 [Corporation] shall be liable to surcharge for the loss, waste or misapplication of any money or property of the 4 [Corporation], if such loss, waste or misapplication is a direct consequence of his neglect or misconduct while acting as such 2 [Mayor], 3 [ * * * ], member, officer or servant. (2) The procedure of surcharge and the manner of recovery of the amount involved in loss, waste or misapplication shall be such as may be prescribed by rules. (3) Where no surcharge proceedings are taken the 4 [Corporation] may with the previous sanction of the State Government institute a suit for compensation against such 2 [Mayor], 3 [ * * * ], member, officer or Servant. ]