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House Journal: Page 1348: Thursday, April 6, 1995

Page 16

 1   agreement shall not be approved which may prejudice
 2   the rights of any bondholder or creditor of the
 3   district.  The district court may direct amendments to
 4   the agreement before approving the agreement.  If the
 5   district and city do not agree upon the proper
 6   adjustment of all matters growing out of the
 7   annexation of a part of the territory located within
 8   the district, either the district or the annexing city
 9   may apply to the district court of the county where
10   the major portion of the district is located for an
11   adjustment of all matters growing out of or in any way
12   connected with the annexation of the territory, and
13   after a hearing the district court may enter an order
14   or decree fixing the rights, duties, and obligations
15   of the parties.  However, in every case the decree or
16   order shall require a change of the district
17   boundaries so as to exclude from the district that
18   portion of the territory of the district which has
19   been annexed.  The change of boundaries shall become
20   effective on the date of entry of the decree.  Only
21   the district and the city shall be necessary parties
22   to the action.  The decree when entered shall be
23   binding on both parties the same as though the parties
24   had voluntarily agreed thereto.  This section does not
25   authorize any district to levy any special assessments
26   within the annexed area after the effective date of
27   annexation.
28     Sec. 22.  NEW SECTION.  358C.22  DISSOLUTION OF
29   DISTRICT.
30     When a majority of the board of trustees of a
31   district desire that the district be wholly dissolved,
32   the trustees shall first propose a resolution
33   declaring the advisability of the dissolution and
34   setting out the terms and conditions of the
35   dissolution, and also setting out the time and place
36   when the board of trustees shall meet to consider the
37   adoption of the resolution.  Notice of the time and
38   place when the resolution shall be set for
39   consideration shall be published as provided in
40   section 331.305, which publication shall contain the
41   entire wording of the proposed resolution.  If any
42   part of the district lies within the area of the
43   jurisdiction of a city, then the trustees shall mail a
44   copy of the proposed resolution to the city on the
45   date of first publication of the resolution.  At the
46   hearing the owners of property within the district, or
47   a city if any part of the district lies within the
48   city, may appear and make objections to the proposed
49   resolution.  If the owners representing a majority of
50   the area of real estate within the district fail to

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