7-2-4916. Payment of debts and collection of receivables of disincorporated municipality. (1) The board of county commissioners of the county succeeding the disincorporated city or town shall provide for:
(a) the payment and discharge in good faith of all the indebtedness and obligations according to the tenor of the contract or indenture agreement by which they were contracted or the indebtedness incurred; and
(b) the collection of any indebtedness due the city or town.
(2) All instruments for the repayment of indebtedness are drawn by order of the board on the fund provided in 7-2-4912.
History: En. Sec. 10, Ch. 99, L. 1973; R.C.M. 1947, 11-317(part).
Structure Montana Code Annotated
Chapter 2. Creation, Alteration, and Abandonment of Local Governments
Part 49. Disincorporation of Municipalities
7-2-4901. Automatic disincorporation
7-2-4902. Disincorporation by election
7-2-4905. Effect of insufficient vote to disincorporate
7-2-4906. Effect of sufficient vote to disincorporate
7-2-4907. through 7-2-4910 reserved
7-2-4911. Certification of financial condition
7-2-4912. Management of unencumbered cash
7-2-4913. Release of public property to county commissioners
7-2-4914. Disposition of city court records
7-2-4915. Effect of disincorporation on prior legal rights
7-2-4916. Payment of debts and collection of receivables of disincorporated municipality
7-2-4917. Procedure to collect receivables
7-2-4918. Tax levy in event of insolvency
7-2-4919. Management of surplus assets deposited to special fund
7-2-4920. Payment of costs and expenses from special county fund