Terms Used In Iowa Code 368.8

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Board: means the city development board established in section 368. See Iowa Code 368.1
• Clerk: means the recording and recordkeeping officer of a city regardless of title. See Iowa Code 362.2
• Council: means the governing body of a city. See Iowa Code 362.2
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Island: means land which is not part of a city and which is completely surrounded by the corporate boundaries of one or more cities. See Iowa Code 368.1
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Severance: means the deletion of territory from a city. See Iowa Code 368.1
• state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
• Territory: means the land area or areas proposed to be incorporated, annexed, or severed, whether or not contiguous to all other areas proposed to be incorporated, annexed, or severed. See Iowa Code 368.1