section 120
Credits to caprtal account.
The Trivandrum City Improvement Trust Act, 1960Civil1960160 sections7 chapters
Chapter V FINANCE
Statutory text
There shall be credited to the capital account—
- (a) all sums (except interest) received By way of betterment fees under this Act;
- (b) all moneys received on account of. loans taken by the Board in pursuance of this Act;
- (c) the proceeds of the sale of any land belonging to the Board which was purchased out of any such loan;
- (d) where land was purchased out of an advance from the revenue account, the portion of the proceeds of the sale of such land which remains after crediting to the revenue account the amount of such advance;
- • (e) the proceeds of the sale of any movable property (including securities for money invested from the capital account) belonging to the-Bonrd;
- (f) all lump sums received fiom the Government in aid of the capital account;
- (g) all premia received by the Board in connexion with leases for any term exceeding forty years; .
- (h) all sums (if any) which the Government direct under sub- section (2) of section 123 to be credited to the capital account; and
- (1) all moneys resulting fiom the sale of securities by direction of the Government under section 124,
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