(1)

If the corporation fail-

(a) to pay any interest due in respect of any loan taken by the Board of Trustees for the Improvement of the City of Bombay under the City of Bombay Improvement Act, 1898, or the City of Bombay Improvement Trust Transfer Act, 1925, for the repayment of which the corporation have become liable under section 110E,

(b) to pay or to set aside and invest any sum required by section 110E or which the said Board were required to pay or set aside and invest under the provisions of the said Acts;

(2)

The Corporation may, with the previous sanction of [ [State] [The words the Provincial Government' were substituted for the word 'Government' by the Adaptation of Indian Laws Order in Council.] Government], levy any such special tax as may be sufficient to repay to the municipal fund the amount paid by the Commissioner as aforesaid. Such special tax shall be in addition to any of the taxes from time to time leviable under this Act:

[Provided that nothing in this sub-section shall authorize the levying of any tax which could not be imposed in the [State] [This proviso was substituted for the original proviso by the Adaptation of Indian Laws Order in Council.] by the [State] [This word was substituted for the word 'Provincial' by the Adaptation of Laws Order, 1950.] Legislature under the [Constitution] [This word was substituted for the words and figures 'Government of India Act, 1935,' by the Adaptation of Laws Order, 1950.].]]