10-2-706 - Taxes to meet municipal obligations.
10-2-706. Taxes to meet municipal obligations.
The court shall have power to wind down the affairs of the municipality, to dispose of itsproperty as provided by law, and to make provisions for the payment of all indebtedness thereofand for the performance of its contracts and obligations, and shall order such taxes levied fromtime to time as may be requisite therefore, which the county legislative body shall levy against theproperty within the municipality. The taxes shall be collected by the county treasurer in themanner for collecting other property taxes and shall be paid out under the orders of the court, andthe surplus, if any, shall be paid into the school fund for the district in which the taxes werelevied. All municipal property remaining after the winding down of the affairs of themunicipality, shall be transferred to the board of education of such school district, which boardhereby is empowered to enforce all claims for the same and to have the use of all property sovesting.
Amended by Chapter 227, 1993 General Session