Section 19-1912. Village obligations

Unless  the  plan  shall  provide
  otherwise, the outstanding debts and obligations of the village shall be
  assumed by the town and be a charge upon the taxable property within the
  limits of the dissolved village, and collected in  the  same  manner  as
  town  taxes.   The town board shall have all powers with respect to such
  debts and obligations as the board of trustees would  have  had  if  the
  village  had not been dissolved, including the power to issue town bonds
  to redeem bond anticipation notes issued by the village.
    * NB Repealed March 21, 2010