357.35 - MERGING EXISTING DISTRICTS.

        357.35  MERGING EXISTING DISTRICTS.         When the source of supply for a benefited district is obtained      wholly or partly through another benefited district or if districts      are supplied with their water from a common source, the board of      supervisors having jurisdiction of those benefited districts, shall,      upon ten days' written notice to the trustees, hold a hearing      relative to the establishment of a single benefited water district      with a boundary encompassing all the area within the subject      districts.  If the board finds the residents and property owners in      the proposed district would be benefited, it may establish the single      district by resolution.  In the case of districts with outstanding      warrants in excess of the anticipated revenues and cash balance      within the district fund, an assessment shall be drawn up by the      auditor for an amount approximately fifty-five percent of the total      indebtedness of the district and the board of supervisors must      approve by resolution the final assessment as made and cause bonds to      be issued at approximately ten percent greater than the total      indebtedness of the district in accordance with sections 357.20 and      357.21 except that the bonds shall be paid, approximately equally,      from user charges and the assessment.  In the case of districts with      bonded indebtedness, a subarea of the new single district with a      boundary identical to each indebted district shall be designated and      taxed in accordance with sections 357.22 and 357.23.  When all bonds      have been retired, the subarea shall cease to exist.  In the case of      districts with a surplus cash balance, all funds and credits shall      become the property of the single district and used by it to the same      extent as if acquired under the provisions of section 357.26.  Upon      establishment of the single district by the board of supervisors, a      resolution shall be passed either appointing three trustees or      designating the board of supervisors as the trustees for the single      district.  The operation of the single district constitutes a county      enterprise under section 331.461, subsection 2.  
         Section History: Early Form
         [82 Acts, ch 1219, § 1]         Referred to in § 331.461