Municipal Contributions
103. Contributions from Corporation or Paurashava Fund
Loans
104. Power of Kartripakkha to borrow money
106. Application of borrowed money
107. Form, signature, exchange, transfer and effect of debentures
108. Signature of coupons attached to debentures
109. Payments to survivors of joint payees
110. Receipt by joint holders for interest or dividend
111. Priority of payment for interest and repayment of loans
112. Repayment of loans taken under section 104
113. Establishment and maintenance of sinking funds
114. Power o discontinue payments into sinking funds
115. Investment of sinking funds
116. Application of sinking funds
117. Annual statement by Trustees
118. Annual examination of sinking funds
Enforcement of Liabilities
119. Procedure if Kartripakkha fail to make any payment or investment in respect of loans
121. Payment under section 119 to be a charge on the property of the Kartripakkha
Budget Estimates
122. Estimates of income and expenditure to be laid annually before the Kartripakkha
123. Sanction of Kartripakkha to estimates
124. Approval of Government to estimates
125.Transmission of copy of estimate to the [Mayor of the Corporation or Chairman of the Paurashava]
128. Adherence to estimate and maintenance of closing balance
129. Receipt of moneys and deposit in Bank
130. Investment of surplus moneys
132. Signing of orders under section 130 and cheques
133. Duty of Chairman and others before signing cheques
Accounts
134. Definition of “Cost of management”
135. Keeping of capital account and revenue account
136. Credits to capital account
137. Application of capital account
138. Credits to revenue account
139. Application of revenue account
140. Power to direct sale of securities
141. Advances from revenue account to capital account
142. Advances from capital account to revenue account
143. Submission of abstracts of accounts
147. Auditor’s report to the Kartripakkha
148. Kartripakkha to remedy defects
149.Auditor’s report to be sent to each [member]
150. Publication and transmission of an abstract of the accounts
