Constitution of Corporation Fund

(1) Save as otherwise provided in this Act, - (a) all funds which immediately before the constitution of a City vested in any local authority of the City or any part thereof; (b) all moneys received by or on behalf of the Corporation under the provisions of this Act or of any law for the time being in force, or under any contract; (c) all proceeds of the disposal of property by, or on behalf of the Corporation; (d) all rents accruing from any property of the Corporation; (e) all moneys raised by any tax, rate of cess levied for the purposes of this Act; (f) all fees collected and all fines levied under this Act or under any rule, regulation or bye-law made thereunder; (g) all moneys received by or on behalf of the Corporation from the Government or any individual or association of individuals by way of grant or gift of deposit; (h) all interests and profits arising from any investment of, or from any transaction in connection with, any money belonging to the Corporation, including loans advanced under this Act; (i) all moneys received by or on behalf of the Corporation from any other source whatsoever; (2) The Corporation Fund shall be held by the Corporation in trust for the purposes of this Act subject to the provisions herein contained.