Section 60. There shall be formed for each municipality a municipal fund, and there shall, except as by this Act provided, be credited thereto

CHAPTER V. FUNDS AND PROPERTY. 60. There shall be formed for each municipality a municipal fund, and there shall, except as by this Act provided, be credited thereto— (a) all sums received by or on behalf of the committee under this Act or otherwise; (b) all fines realized in cases in which prosecutions are instituted under this Act or the rules made hereunder or under section 34 of Act V of 1861 for offences committed within the municipality; (c) any sums which the Local Government may annually assign, as it is hereby empowered to do, to the municipal fund from the port fund of any port abutting on or within the municipality as being in its opinion a just and reasonable contribution towards the expenditure rendered necessary by the resort to 206 Burma Municipalities. [ACT XVII (Chapter V.—Funds and Property.—Section 61.) to the municipality of seamen from ships lying in the port; and (d) when there has been included within the municipality a municipality constituted under the British Burma Municipal Act, 1874, the balance (if any) standing at the credit of the funds of that municipality at the time when the municipal committee came into existence. Application of fund.