According to Section 63 of the Rajasthan Municipal Act 2009, which of the following statements is correct?
1
The Chairperson, Vice-Chairperson, and members of the Municipality are personally liable for all costs and expenses incurred by the Municipality.
2
The municipal fund is not responsible for any costs or expenses incurred by the Municipality.
3
The Chairperson, Vice-Chairperson, and members are not personally liable for any contracts or expenses incurred by the Municipality.
4
The Chairperson, Vice-Chairperson, and members are liable for the misapplication of money or property owned by the Municipality, regardless of their involvement.