48-1719. Consolidation of districts; election;
adjustment of finances
A. When two or more districts desire to consolidate, the boards of directors of the
districts shall call elections, or at a general election, submit the question of
consolidation to their respective districts. If the vote is favorable to consolidation
in each district proposed to be consolidated, the consolidation shall be perfected as
soon thereafter as practicable. In such case the boards of directors of the districts
consolidated shall function as one board until the next annual election when there shall
be elected a single board of directors with a number of members equal to the board
consolidated which had the largest number of members.
B. If there is any reasonable adjustment of finances or equities involved in the
consolidation the adjustment shall be agreed upon by the respective boards of directors
and the substance of the agreement shall be stated in the notice of consolidation
election.
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