Section 123.4 - Division of territory; apportionment of debts.
DIVISION OF TERRITORY (EXCERPT)
Act 38 of 1883
123.4 Division of territory; apportionment of debts.
Sec. 4.
All debts owing by a city or township from which territory has been detached, as provided for in section 1 of this act, shall be apportioned in the same manner as the personal property of such city or township, and each city and township shall be charged with and pay its share of the debts according to such apportionment.
History: 1883, Act 38, Eff. Sept. 8, 1883 ;-- How. 3109e ;-- CL 1897, 3465 ;-- CL 1915, 3455 ;-- CL 1929, 2337 ;-- CL 1948, 123.4