Limitation and Procedure with no Indebtedness to the District Sample Clauses

Limitation and Procedure with no Indebtedness to the District. Any member town may withdraw from the District when its share of the District’s bonded and other indebtedness has been paid in full, and it has reached an executed written agreement with the District regarding payment to the District for all OPEB and/or pension liabilities. Any member town whose share of the District’s bonded and other indebtedness has been paid in full, and that has reached an agreement with the District regarding OPEB and/or pension liabilities, may withdraw from the District by a majority vote in annual town meeting of that town, said withdrawal to be effective upon the completion of the fiscal year next following the then current fiscal year.
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