996. The proceeds of the tax, licence or permit, as the case may be, form part of the general fund of the local municipality, which may dispose of the same according to law.
The local municipality may, however, appropriate the proceeds of licences or permits issued in favour of ratepayers residing in a specified section of the territory of the municipality, for the payment either of sidewalks or of a water-works or lighting system established for such section of the territory.
M.C. 1916, a. 704; 1927, c. 76, s. 1; 1979, c. 72, s. 294; 1996, c. 2, s. 410.