Dissolution — Combination of service district

Ark. Code Ann. § 14-95-303, under Urban Service District.

Ark. Code Ann. § 14-95-303

(1) Dissolution or any combination of service districts shall provide for the following:(1) The transfer or other disposition of property and other rights, claims, and assets of the district;(2) The payment of all obligations from the resources of the district;(3) The payment of all costs of abolishing or combining a district from the resources of the districts involved;(4) The honoring of any bonds, debt, contract, obligation, or cause of action accrued or established under the urban service district;(5) The provision for the:(A) Equitable disposition of the assets of the district;(B) Adequate protection of the legal rights of employees of the district; and(C) Adequate protection of the legal rights of creditors; and(6) The transfer of all property and assets to the jurisdiction of the city or town.

(1) The transfer or other disposition of property and other rights, claims, and assets of the district;

(2) The payment of all obligations from the resources of the district;

(3) The payment of all costs of abolishing or combining a district from the resources of the districts involved;

(4) The honoring of any bonds, debt, contract, obligation, or cause of action accrued or established under the urban service district;

(5) The provision for the:(A) Equitable disposition of the assets of the district;(B) Adequate protection of the legal rights of employees of the district; and(C) Adequate protection of the legal rights of creditors; and

(A) Equitable disposition of the assets of the district;

(B) Adequate protection of the legal rights of employees of the district; and

(C) Adequate protection of the legal rights of creditors; and

(6) The transfer of all property and assets to the jurisdiction of the city or town.