9-5-12. Assumption of municipal debts and obligations after annexation.
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/sd/title-9/chapter-9-5/9-5-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All debts and obligations of the municipalities as enlarged by such consolidation, other than existing bonded indebtedness, shall be assumed and be paid by the municipality as enlarged by such consolidation.