Chapter IV COUNCIL FUND

Council fund

1. (1) The council shall established a fund to be called the council fund.
2. (2) The following shall form part of, or be paid into, the council fund: -
   • (a) Any contribution or grant by the central Government or State Government;
   • (b) The income of the council from all sources including income from fees;
   • (c) Trusts, bequests, donations, indoments and other grants if any;
   • (d) All other sums received by the council.

Objects to which council fund may be applied.

1. (a) To the repayment of debts incurred by the council for the purposes of this Act and the rules and regulations made there under;
2. (b) To the expenses of any suit or proceedings to which the council is the party;
3. (c) To the payment of the salaries and allowances of the employees of the council;
4. (d) To the payment of the allowances to the office bearers of the council;
5. (e) To the payment of any expenses incurred by the council in caring out the provisions of this Act and the rules and the regulations made there under.