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| The voters shall indicate by a cross or check mark placed upon | | their ballots against the word "Yes" or "No" their opinion of the | | same.__The result must be declared by the municipal officers, and | | due certificate of the results filed by the town clerk of the Town | | of York with the Secretary of State. |
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| | | If the results filed show that a majority of the voters voted | | for the dissolution of the district and the total votes cast for | | and against the dissolution of the district equals or exceeds 25% | | of the total vote for all candidates for Governor cast at the | | last gubernatorial election, the municipal officers of the Town | | of York and the trustees of the district shall enter into | | discussions to make arrangements for transferring the district's | | entire assets and obligations to the Town of York.__Within one | | year of a vote on the referendum, pursuant to arrangements made | | with the trustees of the district, the trustees of the district | | shall transfer to the municipal officers of the Town of York the | | entire assets and obligations of the district in accordance with | | subsection 3. |
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| | | 3. Transfer.__If a transfer of the assets and obligations of | | the district to the Town of York is required under this section, | | the district shall, within one year of the vote on the referendum | | requiring the transfer, convey, assign and transfer to the Town | | of York: |
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| | | A. All physical and intangible assets of the district, | | including all cash, lands, mains, pipes, fixtures, | | machinery, tools, apparatus, appliances, structures and any | | other physical element necessary and convenient for | | providing sewer services; |
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| | | B.__All valid and legally enforceable contracts or other | | obligations between the district and any 3rd party as of the | | effective date of the transfer. The town shall redeem or | | otherwise satisfy all nonassumable debt of the district; and |
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| | | C.__All permits, licenses and approvals of any municipal, | | state or federal entity or agency. |
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| | | Unless other legal arrangements are made, all property, | | contracts, obligations and franchises of the district must be | | conveyed subject to all debentures, bonds, mortgages, liens and | | encumbrances, all of which must be assumed by the Town of York. |
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| | | In order to avoid any unconstitutional impairment of existing | | contractual rights that are valid and enforceable, the Town of | | York and, if necessary, the district shall enter into any | | contractual agreements necessary for the Town of York to fulfill |
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