Plant.
If there is any bonded indebtedness existing which was incurred in the purchase or construction of such electric plant, gas plant or waterworks plant and which is a lien upon the plant, the purchaser shall assume the payment of such bonded indebtedness.
History: (Acts 1909, No. 212, p. 253; Code 1923, §2069; Code 1940, T. 37, §386.)