Alabama § 11-42-187 Partial Annexation - Payment of Value of School Property, Etc., by Expanded Municipality

Alabama Statutes

§ 11-42-187 — Partial Annexation - Payment of Value of School Property, Etc., by Expanded Municipality

Alabama·Title 11 Counties and Municipal Corporations·Ch. 42 Alteration of Corporate Limits·Art. 6 Duties of Expanded Municipalities as to Property and Obligations of Absorbed Municipalities

Said city or town shall also pay to the city or town from which territory is taken the value of any school property or other property that may be in such annexed territory at the time of such annexation.
The amount of said bonded indebtedness and the value of said property to be paid by said enlarged city or town shall be determined and agreed on by the council of the enlarged city or town and by the council of the city or town from which such territory is taken, in such a manner as they shall elect. If they cannot agree, then the matter shall be determined by the circuit court of the county in which such enlarged city or town may be upon the filing of a complaint by either municipality or by any taxpayer of either municipality.

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Said city or town shall also pay to the city or town from which territory is taken the value of any school property or other property that may be in such annexed territory at the time of such annexation.
The amount of said bonded indebtedness and the value of said property to be paid by said enlarged city or town shall be determined and agreed on by the council of the enlarged city or town and by the council of the city or town from which such territory is taken, in such a manner as they shall elect. If they cannot agree, then the matter shall be determined by the circuit court of the county in which such enlarged city or town may be upon the filing of a complaint by either municipality or by any taxpayer of either municipality.

Alabama § 11-42-187 (Partial Annexation - Payment of Value of School Property, Etc., by Expanded Municipality) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.