13-7,100. Same; retirement of outstanding bonds of fire district which is dissolved or from which territory is detached.

13-7,100

Chapter 13.--CITIES OF THE FIRST CLASS PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS Article 7.--FIRE DEPARTMENT

      13-7,100.   Same; retirement of outstanding bonds of fire district which is dissolved or from which territory is detached. If any fire district dissolved hereunder shall have outstanding at the time of its dissolution any general obligation bonds, the tax levies to retire such bonds and to pay the interest thereon shall be levied only on the taxable tangible property located in the territory of such district prior to its dissolution. If any fire district from which area is detached hereunder shall have outstanding at the time of detachment any general obligation bonds, the tax levies to retire such bonds and to pay the interest thereon shall continue to be levied only on the taxable tangible property located in the detached area.

      History:   L. 1985, ch. 66, § 5; July 1.