Section 74. (1) If any building or part of a building projects beyond the regular line of a public street, eithe

74. (1) If any building or part of a building projects beyond the regular line of a public street, either existing or determined on for the future, or beyond the front of the building on either side thereof, the committee may, whenever the building or part has been either entirely or in greater part taken down or burnt down, or has fallen down, by notice require the building or part, when being rebuilt, to be set back to or towards the said regular line or the front of the adjoining buildings; and the portion of the land added to the street by such setting back or removal shall become part of the public street and shall vest in the committee: Provided that the committee shall make full compensation to the owner for any damage he may sustain in consequence of his building or any part thereof being set back. (2) The committee may, on such terms as it thinks fit, allow any building to be set forward for the improvement of the line of the street.