State Act
125
Section 125. Powers of [Corporation]2 as to acquisition and holding of property
THE UTTAR PRADESH MUNICIPAL CORPORATION ACT, 1959
Act no. 2 of 19591959In forceUttarakhand (State Act)
125- (1) The [Corporation]2 shall, for purposes of this Act, have power to acquire, hold and dispose of property or any interest therein whether within or without the limits of the City. (2) All property and interests in property acquired by the [Corporation]2 shall vest in the [Corporation]2 for the purposes of this Act and subject to its provisions. (3) Any immovable property which may be transferred to the [Corporation]2 by the Government shall be held by it, subject to such conditions including resumption by the Government on the occurrence of a specified contingency and shall be applied to such purposes as the Government may impose or specify while making the transfer.