Which among the following statements are correct with respect to 74th Amendment Act of Municipalities?
1
The act provides for a five year term of office for every municipality.
2
Municipalities cannot be dissolved before the completion of its term like that of state legislative assemblies.
3
No person shall be disqualified if he is less than 25 years of age and has attained 21 years of age to contest in municipal elections.
4
Both 1 and 3