State Act
114
Section 114. Deposit of portion of the municipal fund may be made with bank or agency out of Mumbai when convenient.
The Mumbai Municipal Corporation Act.
Act no. 3 of 18881888In forceMaharashtra (State Act)
114. Deposit of portion of the municipal fund may be made with bank or agency out of 12[Mumbai] when convenient.— Notwithstanding anything contained in the last two preceding sections, the Commissioner may, with the 13[previous] approval of 14[Standing Committee] from time to time, remit any portion of the municipal fund to a bank or other agency at any place beyond the city at which it may be desirable for the corporation to have funds in deposit, and any money payable to the credit of the municipal fund or chargeable there against, which can, in the opinion of the Commissioner be most conveniently paid into or out of the account of the Corporation at any such bank or agency, may be so paid.