190.086(1)Notwithstanding any other provision of this Act or the Municipal Capital Borrowing Act, when two or more rural communities are amalgamated under section 190.072, any outstanding authority of a former rural community to borrow money, granted and approved under the Municipal Capital Borrowing Act, may, with the written authorization of the Minister, continue in the name of the new rural community.

190.086(2)If the inhabitants of an area that includes two or more rural communities are incorporated or amalgamated under section 190.072 or a rural community is incorporated as a municipality, all the assets and liabilities of the former rural community or rural communities and its or their local commissions are assets and liabilities of the new rural community or municipality, and the new rural community or municipality for all purposes stands in the place and stead of the former rural community or rural communities.

190.086(3)If the territorial limits of a rural community are decreased, the assets and liabilities of the former rural community and its local commissions shall be adjusted in accordance with an agreement between the rural community and the Minister.

190.086(4)Subsections (1) and (2) apply with the necessary modifications to the amalgamation under section 190.072 of one or more rural communities with one or more towns or villages.

190.086(1)Notwithstanding any other provision of this Act or the Municipal Capital Borrowing Act, when two or more rural communities are amalgamated under section 190.072, any outstanding authority of a former rural community to borrow money, granted and approved under the Municipal Capital Borrowing Act, may, with the written authorization of the Minister, continue in the name of the new rural community.

190.086(2)If the inhabitants of an area that includes two or more rural communities are incorporated or amalgamated under section 190.072 or a rural community is incorporated as a municipality, all the assets and liabilities of the former rural community or rural communities and its or their local commissions are assets and liabilities of the new rural community or municipality, and the new rural community or municipality for all purposes stands in the place and stead of the former rural community or rural communities.

190.086(3)If the territorial limits of a rural community are decreased, the assets and liabilities of the former rural community and its local commissions shall be adjusted in accordance with an agreement between the rural community and the Minister.

190.086(4)Subsections (1) and (2) apply with the necessary modifications to the amalgamation under section 190.072 of one or more rural communities with one or more villages.