Amendment status not verified — confirm the current text below against the official source.
The Corporation may, with the sanction of the State Government,— (i) establish a toll-bar on• any public street (except a kutcha road), wherever situated in the Corporation area, vested in the Corporation and constructed or reconstructed by or on behalf of the Corporation, and (ii) levy tolls at such toll-bar on persons, vehicles and animals passing over such street: Provided that no toll-bar shall be established, or tolls levied, otherwise than for the purpose of recovering— (a) the expenses incurred by the Corporation in constructing or reconstructing such street, (b) the interest on such expenses— (i) at the rate of four per cent per annum, or (ii) when such expenses are defrayed wholly or in part from a loan, at the rate of one and a half per cent per annum above the rate of interest chargeable on such loan, and (c) the capitalised value of the estimated cost of the Corporation for maintaining such street. Power to make regulations providing for the manner of imposition etc. of tax. Levy of toll. Provision in regard to ferry. H. Ferry