Determination Of Indebtedness — Transmission Of Money And Financial Data

TITLE 50 MUNICIPAL CORPORATIONS CHAPTER 22 DISINCORPORATION PROCEDURE 50-2206. Determination of indebtedness — Transmission of money and financial data. Said county clerk shall, forthwith, after ascertaining by said canvass that said disincorporation has been carried, determine the amount of indebtedness of said city, the taxes payable, the amount of money in the treasury, and shall take possession thereof within thirty (30) days from the date of said election, he shall transmit a certified statement of said amounts to the board of county commissioners of the county in which said city is situated, and the county clerk shall, before the expiration of said thirty (30) days, turn over, to the treasurer of said county, all moneys of said corporation and said county treasurer shall place said money in a special fund, to be drawn upon as hereinafter provided.