§ 75 — Disposition of town property on alteration of boundaries

§ 75. Disposition of town property on alteration of boundaries. When\nthe boundaries of a town owning real or personal property shall be\naltered, either by a division of a town into two or more towns or by the\nannexation of a part of its territory to another town or towns, the town\nboards of the several towns affected by such alterations shall meet as\nsoon as may be after the first biennial town elections subsequently held\nin such towns, and shall make such agreement concerning the disposition\nto be made of such real and personal property, and the apportionment of\nthe proceeds, as they shall deem equitable and take all measures, and\nexecute all conveyances necessary to carry such agreement into effect.\nIf no such agreement shall be made within six months after such town\nelections, the town board of each town in which any portion of such real\nproperty, or in whose possession any of such personal property shall be,\nshall, as soon as may be, sell and convey such part of the real property\nas shall be included within the limits of the town as fixed by such\nalteration, and such of the personal property as may be in its\npossession; and the proceeds arising from the sale shall be apportioned\nbetween the several towns interested therein, by the town boards of all\nthe towns, according to the amount of the taxable property of the town\ndivided or altered, as the same existed immediately before such division\nor alteration, to be ascertained by the last assessment-roll of such\ntown. No town cemetery or burialground shall be sold or divided, but the\nsame shall belong to the town within which it may be situated after a\ndivision of the town shall have been made, and no lots heretofore\ngranted by the people of this state to any town for the support of the\ngospel and of schools, commonly called the gospel and school lots, shall\nbe so sold or apportioned.\n