Sec. 375.263. DISSOLUTION BY MUNICIPAL ORDINANCE. (a) The governing body of a municipality in which a district is wholly located, by a vote of not less than two-thirds of its membership, may adopt an ordinance dissolving the district. (b) On the adoption of the ordinance, the district is dissolved, and, in accordance with Section 43.075 , the municipality succeeds to the property and assets of the district and assumes all bonds, debts, obligations, and liabilities of the district.
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