(a) Upon the passage of the ordinance levying the assessment of the consolidated district, it shall be the duty of the board of improvement of the separate water district and the duty of the board of improvement of the separate light district in the city to execute and deliver proper conveyances of all property owned by them respectively to the consolidated district.
(b) These conveyances shall recite on their face that they are made subject to any valid incumbrance on the property conveyed and that the consideration for the conveyance is the obligation and agreement of the consolidated district to pay all valid debts of the conveying districts.
(c) These instruments shall be acknowledged and recorded.
Structure Arkansas Code
Subtitle 13 - Public Utility Improvement Districts
Chapter 218 - Consolidated Water And Light Improvement Districts
§ 14-218-101. Scope of chapter — Applicability of general laws
§ 14-218-102. Purpose of districts
§ 14-218-103. Petition for establishment of district
§ 14-218-104. Publication of ordinance establishing district
§ 14-218-105. Hearing on petition — Notice — Review
§ 14-218-106. Petition to take over light and water plant
§ 14-218-107. Appointment of board of improvement — Oath
§ 14-218-108. Plans for improvements
§ 14-218-109. Appointment of assessors — Oath — Compensation
§ 14-218-110. Assessments and corrections
§ 14-218-111. Notice of filing of assessments
§ 14-218-112. Appeal from assessment
§ 14-218-113. Payment of assessments
§ 14-218-114. Form of assessment ordinance — Lien on real property
§ 14-218-116. Copy of assessment delivered to collector — Warrant for collection
§ 14-218-117. Collector's notice — Publication
§ 14-218-118. School property subject to assessment
§ 14-218-119. Vesting of title in consolidated district — Liability of separate districts
§ 14-218-120. Conveyance of property to consolidated district
§ 14-218-121. Retirement of bonds of separate districts before maturity
§ 14-218-122. Annual revision of assessments
§ 14-218-123. Revised assessment list filed with city clerk — Notice
§ 14-218-124. Appeal from reassessment
§ 14-218-125. Computation of tax upon reassessment
§ 14-218-127. Operation of plants by city — Use of income
§ 14-218-128. Use of funds for improvements outside city
§ 14-218-129. Powers of board concerning improvements
§ 14-218-130. Contractors' bonds
§ 14-218-131. Bonds — Issuance