In any proceeding to adjust and apportion indebtedness, the township or the borough shall have power to issue and deliver to the borough or township interest-bearing bonds in liquidation of the indebtedness ascertained, to be its proportionate share payable, if the bonds are acceptable to the borough or township or townships entitled to receive the bonds. The court may make necessary orders for the collection and payment by the township or townships or borough of the amount needed to pay its share of any indebtedness apportioned to it by special taxes to be collected in one year or by annual installments.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 8 - BOROUGHS AND INCORPORATED TOWNS
Chapter 2 - Creation and Alteration
Section 201 - Contiguous areas
Section 202.1 - Borough advisory committee
Section 202.2 - Advisability of incorporation, certification of question for referendum and decree
Section 205 - Borough government and requisites of charter
Section 211 - Temporary preservation, organization and election of officers
Section 213 - Adjustment of indebtedness
Section 214 - Judicial adjustment
Section 215 - Judicial adjustment award proceedings
Section 217 - Compensation, expenses and costs
Section 218 - Territory located in multiple counties
Section 219 - Bond issues and taxation
Section 232 - Filing, notice and return
Section 233 - Borough government
Section 235 - Costs and expenses