The proclamation of the President`s rule in a state is an extreme measure taken under certain circumstances mentioned in the Indian Constitution, usually when there is a breakdown of constitutional machinery in the state. It involves the temporary suspension of the state government and the imposition of direct central rule. The consequences of such a proclamation are outlined in Article 356 of the Indian Constitution.

Now, let`s analyze each of the given options:

1. Dissolution of the State Legislative Assembly:

This consequence is a possible outcome of the proclamation of President`s rule in a state, but it is not a necessary consequence. Under Article 356, the Governor of the state can either suspend the Legislative Assembly or dissolve it. If the assembly is dissolved, fresh elections must be held within six months. However, if the assembly is only suspended, it can be revived after the President`s rule is lifted. So, option 1 alone is not the correct answer.

2. Removal of the Council of Ministers in the State:

This consequence is necessary because the state government is suspended during the President`s rule, and hence the council of ministers will also be removed. The Governor, who acts as the agent of the President, assumes the executive powers of the state. So, option 2 is a necessary consequence.

3. Dissolution of the local bodies:

This consequence is not a necessary outcome of the proclamation of President`s rule in a state. Local bodies such as municipalities, panchayats, etc. are independent constitutional bodies, and their functioning is not directly linked to the state government. The central government can take over the administration of these bodies during President`s rule, but it is not mandatory. So, option 3 alone is not the correct answer.

Therefore, from the given options, the correct answer is Option 1 and 3 only.