In case of consolidation of districts, the corporate existence, and terms of office of the officers, of the old districts shall expire upon issuance and recording by the Secretary of State of a certificate of the due organization of the consolidated district. Upon consolidation, all the rights and liabilities of the several consolidating districts shall be vested in and assumed by the consolidated district, and all regulations formulated under ORS 568.630 to 568.770 for the several consolidating districts shall remain in effect until superseded by regulations formulated by the consolidated district. [Amended by 1961 c.236 §1]
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