Means And Methods To Effectuate Transition — Assumption Of Liabilities — Exception

TITLE 33 EDUCATION CHAPTER 40 BOISE STATE UNIVERSITY 33-4003. Means and methods to effectuate transition — Assumption of liabilities — Exception. The board of trustees of Boise Community College District are hereby empowered, authorized and directed to convey and assign all property rights, contracts and other tangible and intangible assets of the district, and/or college to the state board of education as a succeeding board of trustees of said college provided in Section 2 of this act. The state board of education and the board of trustees of Boise Community College Ddistrict are hereby authorized and directed to confer between themselves and with third parties as may be necessary, to determine and agree upon appropriate means and methods to effectuate the orderly transfer of Boise College on January 1, 1969, as herein provided and each of said boards are hereby authorized and directed to have prepared and execute all instruments and documents necessary therefor. The respective boards shall, immediately after the passage of this act confer, cooperate and agree upon all contracts and other matters which will or may carry over beyond January 1, 1969 and each board is authorized to execute any and all documents, agreements, employment contracts and do all things necessary, both before and after January 1, 1969 to effectuate the transition of said college herein provided with the least interference and disruption of the educational processes of said college. On and after January 1, 1969 the state board of education as the board of trustees shall assume the liabilities and responsibilities of Boise Community College District excepting, however, the liabilities of the district for the payment of principal and interest of general obligation bonds theretofore issued by the district.