Section 50C

Where an Authority is empowered to make by-laws prohibiting, restricting or regulating the doing of any act and such by-laws require any person to obtain a permit or a licence from the Authority before the doing of such act, such by-laws may provide for a deposit of such sum, or the execution of a bond with sureties in such sum, as may be prescribed in such by-laws and for such sum to be refunded or such bond to be void, as the case may be, if the person to whom such permit or licence is granted complies with all the conditions of such permit or licence.

Making of by-laws.