Sec. 423. When territory constituting a portion of another school district is annexed to a city and the district from which that territory is taken has outstanding bonded indebtedness, part 11 shall apply to that bonded indebtedness.
Annexation of portion of school district to city; bonded indebtedness.
Mich. Comp. Laws § 380.423, under THE REVISED SCHOOL CODE.
Mich. Comp. Laws § 380.423