In a proceeding to adjust and apportion indebtedness, a municipality shall have power to issue and deliver interest-bearing bonds in liquidation of the indebtedness ascertained, to be its proportionate share payable, if the bonds are acceptable to the municipality entitled to receive the bonds. The court may make necessary orders for the collection and payment.
Cross References. Section 729 is referred to in section 724 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 53 - MUNICIPALITIES GENERALLY
Chapter 7 - Alteration of Territory or Corporate Entity and
Section 711 - Scope of subchapter
Section 714 - Stream boundaries
Section 715 - Boundary change agreement by abutting municipalities
Section 716 - Petition and establishment of disputed boundaries by judicial ascertainment
Section 717 - Judicial ascertainment procedure
Section 718 - Effective date of boundary change
Section 719 - Notification of boundary change
Section 722 - Collection of taxes levied prior to change of boundary and authorized expenditures
Section 723 - Election districts and officers
Section 724 - Governing body agreements
Section 725 - Adjustment of indebtedness
Section 726 - Judicial adjustment award proceedings
Section 727 - Compensation, expenses and costs
Section 728 - Territory located in multiple counties
Section 731 - Short title of subchapter
Section 733 - Procedure for consolidation or merger
Section 734 - Joint agreement of governing bodies
Section 735 - Initiative of electors seeking consolidation or merger without new home rule charter
Section 735.1 - Initiative of electors seeking consolidation or merger with new home rule charter
Section 736 - Conduct of referenda
Section 737 - Consolidation or merger agreement
Section 738 - Effectuation of consolidation or merger
Section 739 - Effect of transition on employees of consolidated or merged municipality