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. SUBCHAPTER C CONSOLIDATION AND MERGER Sec. 731. Short title of subchapter. 732. Definitions. 733. Procedure for consolidation or merger. 734. Joint agreement of governing bodies. 735. Initiative of electors seeking consolidation or merger without new home rule charter. 735.1. Initiative of electors seeking consolidation or merger with new home rule charter. 736. Conduct of referenda. 737. Consolidation or merger agreement. 738. Effectuation of consolidation or merger. 739. Effect of transition on employees of consolidated or merged municipality. 740. Procedures. 741. Court review of transitional plan.
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