Removal of projections and payment of compensation.

In case in which the provisions of section 150 or section 151 do not apply the Municipality may, subject to the payment of reasonable compensation by notice require the owner or occupier of any building in the municipal area to remove or alter any balcony projection, structure or verandah overhanging any street, or projecting into or encroaching on any street, or any drain sewer or aqueduct therein.