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123. Any municipal fund or portion of a municipal fund or other property of a Municipality accruing under the provisions of section 121 or 122 to 1[by the State Government], shall be applied in the first place to satisfy any liabilities of the Municipality transferred under such provisions to 2[the State Government], and secondly for the benefit of the inhabitants of the local area.
<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><b>123.</b> Any municipal fund or portion of a municipal fund or other property of a Municipality accruing under the provisions of section 121 or 122 to <b><sup>1</sup></b>[by the State Government], shall be applied in the first place to satisfy any liabilities of the Municipality transferred under such provisions to <b><sup>2</sup></b>[the State Government], and secondly for the benefit of the inhabitants of the local area. <br>