The moneys and assets belonging to each civil township described in section 359.24 shall become the moneys and assets of the city in which the civiltownship is situated. The township clerks shall turn such moneys and assets over to the city treasurer or clerk, to be disbursed by the cityin the same manner and for thesamepurposesasrequired by law for thedisposition of township funds. The city shall assume all liabilitiesof a civiltownship towhich the provisions of this section apply.
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