Sec. 5. The court may not dissolve a district if the district has bonds or notes outstanding. If the court finds that the activities of the district should cease, the court shall order the district to function only for the purpose of: (1) certifying necessary assessments or taxes; and (2) collecting the assessments and taxes; to pay off the financial obligations of the district. When all financial obligations are paid, the court may order the district dissolved. [Pre-1995 Recodification Citation: 13-3-3-97(a).] IC 14-33-16 Chapter 16. Dissolution Due to Lack of Construction 14-33-16-1 Applicability of chapter 14-33-16-2 Dissolution by election 14-33-16-3 Petition 14-33-16-4 Determination that petition bears proportion of signatures required 14-33-16-5 Election requirements; publication of notice 14-33-16-6 List of freeholders 14-33-16-7 Ballots 14-33-16-8 Assistant secretary and voting list 14-33-16-9 Voting procedures 14-33-16-10 Absentee ballot 14-33-16-11 Election duties of secretary and clerks 14-33-16-12 Majority of votes 14-33-16-13 Court ordering board to take steps to terminate district activities 14-33-16-14 Election costs 14-33-16-15 Court ordering final accounting and filing of records; discharging board
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