Money received from the operation of property of a dissolved city shall be used in the following priority: 1. To pay employees engaged in the operation, maintenance, and protection of the property. 2. To pay the interest on the bonded indebtedness of the municipality. 3. To purchase or redeem bonded indebtedness of the municipality. 4. After all bonded indebtedness has been paid, to the general fund of the county.
40-53.1-09. Dissolution - Insufficient income to pay obligations - Levy of tax - Duty vested in board of county commissioners. If insufficient money is received from the operation of the property of the dissolved city to pay the obligations in the order designated, the board of county commissioners shall levy a tax on all taxable property within the boundary of the city at the time of its dissolution. This tax shall be sufficient to pay the obligations incurred in the operation of the property of the city and to comply with the terms and conditions of the evidences of the bonded indebtedness. The board of county commissioners shall, without charge, perform the duties of the governing body of the dissolved city to satisfy the terms of the bonds, obligations, or contracts of the dissolved city.