7-83-206 - Consolidation of districts.
7-83-206. Consolidation of districts.
(a) Two (2) or more districts may be consolidated by:
(1) A determination of the board of each district, fixing the terms and conditions of such consolidation. Certified copies of such determination shall be filed with the commission. If the commission finds that such consolidation is in the public interest and in the interest of efficient and economical utility service, it shall approve such consolidation, and a certified copy of the order approving the same shall be filed. Thereupon, the consolidation shall be effective to create a single district; or
(2) Order of the commission fixing the terms and conditions of such consolidation. If the commission finds that such consolidation is in the public interest and in the interest of efficient and economical utility service, it shall approve such consolidation, and a certified copy of the order approving the same shall be filed. Thereupon, the consolidation shall be effective to create a single district.
(b) Preexisting rights and liabilities shall not be affected by such consolidation.
[Acts 1935 (E.S.), ch. 4, § 6; C. Supp. 1950, § 3708.52 (Williams, § 3708.55); T.C.A. (orig. ed.), § 6-2708.]