No Property To Be Taxed For Prior Indebtedness

TITLE 50 MUNICIPAL CORPORATIONS CHAPTER 21 CONSOLIDATION OF CITIES 50-2110. No property to be taxed for prior indebtedness. No property in any of the cities consolidated under the provisions of sections 50-2101 through 50-2114 shall ever be taxed to pay any portion of any indebtedness of any of the other corporations contracted, or incurred prior to or existing at the time of such consolidation. The governing body of such newly consolidated corporation shall provide for the payment of the indebtedness of each of the consolidated cities therein and shall levy against the property obligated therefor at the time of the completion of such consolidation and collect the necessary taxes therefor and cause them to be paid to the persons entitled thereto.