§ 11-03-11 — Indebtedness of new county to original county - How and when determined

North Dakota § 11-03-11

• Jurisdiction: North Dakota
• Title 11: Counties
• Ch. 11-03: Division of Counties

Text

A county organized under this chapter shall assume and pay a just proportion of the
indebtedness of the county from which it is segregated, based upon the last assessed valuation
of the original county and in the proportion that the valuation within the segregated portion bears
to the aggregate of the valuation within the whole of the original county. The boards of county
commissioners of the county organized under this chapter and of the county from which the
latter segregates shall meet at the county seat of the original county on the third Monday in the
sixth month following the appointment of the county commissioners of the new county by the
governor. They shall ascertain, as near as may be, the total outstanding indebtedness of the
original county on the first of January or July, as the case may require, next preceding the date
of the joint session and from such total, they shall make the following deductions:
1. The amount of rents due and payable to the original county.
2. The present value of all public property owned by and remaining within the limits of the
original county. Such present value in all events shall be deemed equal at least to the
amount of any outstanding bonds issued for the payment of such property.
3. The amount of public funds on hand and belonging to the original county on the day
for which its outstanding indebtedness is ascertained which do not belong to the
special funds hereinafter mentioned.
The amount remaining after such deductions, for the purpose of the settlement herein provided
for, shall be the amount of which the county organized under this chapter shall pay a portion in
the proportion hereinbefore specified. The new county shall be charged with the value of county
real property within the boundaries thereof. The boards of county commissioners shall ascertain
and fix the amount the new county shall assume and pay to the county from which it
segregates. The provisions of this section shall be followed even though the new county is
organized from parts of two or more organized counties except that the boards of county
commissioners of all counties involved shall participate in the proceedings herein described.