Amendment status not verified — confirm the current text below against the official source.
123. Any municipal fund or portion of a municipal fund or other property of a Municipality accruing under the provisions of section 121 or 122 to 1 [by the State Government], shall be applied in the first place to satisfy any liabilities of the Municipality transferred under such provisions to 2 [the State Government], and secondly for the benefit of the inhabitants of the local area.