Sec. 4.
All debts owing by a city or township from which territory has been detached, as provided for in section 1 of this act, shall be apportioned in the same manner as the personal property of such city or township, and each city and township shall be charged with and pay its share of the debts according to such apportionment.
History: 1883, Act 38, Eff. Sept. 8, 1883 ;-- How. 3109e ;-- CL 1897, 3465 ;-- CL 1915, 3455 ;-- CL 1929, 2337 ;-- CL 1948, 123.4
Structure Michigan Compiled Laws
Chapter 123 - Local Government
Act 38 of 1883 - Division of Territory (123.1 - 123.11)
Section 123.1 - Division of Territory; Adjustment of Property Rights and Liabilities.
Section 123.2 - Division of Territory; Sale of Lands; Division of Proceeds.
Section 123.3 - Division of Territory; Burial Grounds.
Section 123.4 - Division of Territory; Apportionment of Debts.
Section 123.5 - Division of Territory; Joint Settlement Meeting, Notice.
Section 123.6 - Division of Territory; Representation at Settlement Meeting; Duties at Meeting.
Section 123.7 - Division of Territory; Institution of Proceedings in Chancery; Decree.
Section 123.8 - Liability for Pro Rata Share of Indebtedness Paid.
Section 123.9 - Construction and Scope of Act.
Section 123.10 - Construction of Act; Existing Change but No Settlement.