Amendment status not verified — confirm the current text below against the official source.
(1) Thc moneys credited lo ~ h c rcvenue accouni shaH bc hcld of xrvcnuc 3ccoun,. by the Board in uud, and shall be applicd to-- (a) meeting all charges for interest and sinking Fund due on account of any loan taken in pursuancc o i clause (a) of seclion 98, or sccuon 99, and all othcr charges incurred in connection with such loans; (b) paying all sums due from the Board in respecl of rates and taxes imposed undcr he Calculla Municipal Act, 1923, as Bcn. Aci 111 exrended lo the Howrah Municipaliry '[or under the Bengal "". Municipal Act, 1932, as [hc case may be,] upon land vcsted Bcn. ACLXV in the Board; oi 1931. (c) holding or participaring in conferences or exhibitions rclating ro urban improvement; (d) paying [he fees prescribed for arbimtors under seclion 83; (z) paying all sums which the &ale Government may dirccl to be paid lo any audilor under secdon 143; 'The word< and figures lvilhin rhc square b n c k c ~ wcrc insencd by s. 45 of ~ h c Hownh Ilnnrnt.rrnrnt I A ~nrndni~.nrl A r i 1092 IIlC-rl Ro-n A", Vl 111 ,r lop?\ The Hotvrah lrlrpmvmietr~ Acr, 1956. XIV of 1956.1 (f) paying [he cost of managcmcnl, excluding such proponion thercof as niay bc dtbi~cd ro the capital accounl under clause (0 of scction 133: (g) paying all olhcr sums due from the Board, othcr ~ h a n those which are rcquircd by section 133 to be disnrbcd horn thc capiral accounl; and (h) meeting thc cost of survey, if any, made by rhc dircc~ion of the Board under section 174. (2) Thc surplus (if any) remaining aficr making h e payments reFerred to in sub-scction (1) shall. subjcct to Lhc nlaintcnance OF a closing baIance of rwenly-fivc thousand rupccs and unless conrributed pern~anently to Ihc capital accaunl under the direction of thc Srate Governmcn~ or advanccd lo [he capital account undcr thc provisions of scc~ion 137, be invesled, in the manncr prcscrikd in secrion 109, towards thc service of any loans outstanding aitcr the expiry of sixly y e m rronl thc commcncernent of this Act.