§ 22-29-405 — Trustees for dissolved district; records to county clerk; limitation on further elections

(a) Upon canvassing the vote after the election, if it
appears that a majority or more of the votes on the proposition
approve dissolution, the district directors shall declare the
district dissolved. The directors shall thereupon constitute a
board of trustees under the supervision of county commissioners,
who shall pay the debts or procure releases thereof and dispose
of the property of the district. If the dissolved district was
located wholly within the limits of one (1) county, the board of
the dissolving district may designate the county commissioners
as the board of trustees for the purpose of winding up the
affairs of the district. If a majority of the votes cast on the
proposition is against dissolution, the district directors shall
declare the proposal defeated and cause the result of the vote
to be made a part of the records of the district. In either
case, the results of the election shall be certified to the
county commissioners immediately after the canvass of the vote.
(b) If dissolution is approved after the affairs of the
district have been fully settled all books and records of the
district shall be deposited by the board of trustees in the
office of the county clerk of the county in which the greatest
area of the district was located. At the same time, the board of
trustees shall execute under oath and file with the county
commissioners a statement that the district has been dissolved
and its affairs liquidated. From the date of the statement, the
corporate existence of the district is terminated for all
purposes.
(c) If a majority of the votes cast on the proposition are
against dissolution, no further election for dissolution shall
be called by the directors, upon petition or upon a resolution
of the commissioners, prior to the expiration of one (1) year
from the date of the election on dissolution.