15.2-3532 - Required provisions of consolidation agreement. - Virginia Statutes

§ 15.2-3532. Required provisions of consolidation agreement.

In addition to the provisions required by § 15.2-3529, any consolidationagreement adopted pursuant to this article shall contain the followingprovisions:

1. The disposition of all property, real or personal, of any localityaffected by the proposed consolidation, including any and all debts due toany such locality;

2. Reimbursement for, or assumption of, a just proportion of any existingdebt of any locality proposed to be consolidated by the consolidated countyor city;

3. Towns located within any county which proposes to consolidate with anothercounty or city, or combination thereof, into a consolidated city, and not aparty to the consolidation agreement, shall continue as townships within theproposed consolidated city;

4. Towns located within any county which proposes to consolidate with anothercounty or city, or combination thereof, into a consolidated county, and not aparty to the consolidation agreement, shall continue as towns within theproposed consolidated county.

(Code 1950, § 15-222.1; 1962, c. 623, § 15.1-1133; 1979, c. 85; 1997, c. 587.)