. - The Corporation shall, from time to time, appoint a fit person to be the [Municipal Chief Accountant (Treasury)] [Sub-section (2) was deleted by Maharashtra 70 of 1975, Section 5(b)]. He shall -
(a) be the Principal Municipal Treasury Officer and keep such municipal accounts and perform such duties with regard to the municipal accounts as shall be required of him by the Corporation, [Standing Committee] [These words were substituted for the words the 'Mayor-in-Council' by Maharashtra 27 of 1999, Section 33, (w.e.f. 23-4-1999)] or the Commissioner;
(b) devote his whole time and attention to the duties of his office;
(c) receive such monthly salary as the Corporation shall, from time to time, with the approval of the State Government, determine; but the salary of such officer shall not be altered to his disadvantage during his period of office;
(d) be removable at any time from office for misconduct or for neglect or incapacity for the duties of his office, by the Corporation.]