Utah Code 10-2-612. New municipality — Ownership of property — Indebtedness of original municipalities
Terms Used In Utah Code 10-2-612
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Governing body: means collectively the legislative body and the executive of any municipality. See Utah Code 10-1-104
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Municipality: means :(5)(a) a city of the first class, city of the second class, city of the third class, city of the fourth class, city of the fifth class;(5)(b) a town, as classified in Section
10-2-301 ; or(5)(c) a preliminary municipality incorporated under Chapter 2a, Part 5, Incorporation of a Preliminary Municipality. See Utah Code 10-1-104- Property: includes both real and personal property. See Utah Code 68-3-12.5
Any consolidated municipality shall be deemed to be a continuation of the merged municipalities, except as herein expressly provided, and shall own all of the assets, property, records, seals, equipment, and be responsible for the liabilities of each and all of the municipalities dissolved by the consolidation. The new municipality shall require the inhabitants of an original municipality included in the consolidation, by special tax levy, to satisfy any indebtedness incurred by the original municipalities provided inhabitants residing in other parts of the consolidated municipality did not or do not benefit by the revenue or services obtained by the expenditures causing the indebtedness. The governing body of the consolidated municipality shall be subject to the terms of the consolidation plan.