57. When the Commission is of opinion that there is no more reason to consider a municipality in default, it shall render a decision to that effect and give a notice thereof to the municipality. Such notice shall, in addition, be published in accordance with section 40. From the date indicated by the Commission in such notice, the municipality declared in default under this act shall cease to be so considered and shall resume all its powers.
At the request of the said municipality, the Commission may, in rendering its decision and by so specifying in the notice, order that certain provisions of this act shall continue to apply to such municipality or reserve to itself the power to disallow any decision of the council of such municipality. In the latter event, the secretary-treasurer of the municipality must transmit forthwith to the Commission an authentic copy of the minutes of each of the meetings of the council. No such power of disallowance may be exercised more than thirty days after the receipt of such copy. Disallowance annuls the decision in question from the date on which such disallowance is pronounced.
The Commission may put an end to the reserved powers in the same manner as it may do to the declaration of default.
R. S. 1964, c. 170, s. 52; 1965 (1st sess.), c. 55, s. 24.