When township organization is discontinued in any county, the records of the several townships shall be deposited in the county clerk’s office. The county board or board of county commissioners of the county may close up all unfinished business of the several townships and sell or dispose of any of the property belonging to a township for the benefit of the inhabitants of the township, as fully as might have been done by the townships themselves. The county board or board of county commissioners may pay all the indebtedness of any township existing at the time of the discontinuance of township organization and cause the amount of the indebtedness, or so much as may be necessary, to be levied upon the property of the township.