Section 4-23-1025 - Indebtedness of district; transfer of real and personal property to district(A) So long as the district is indebted to any person on any bonds, notes, or other obligations issued pursuant to the authority of this article, the provisions of this article and the powers granted to the district and the commission may not be in any way diminished or restricted, and the provisions of this article are considered a part of the contract between the district and the holders of these obligations.(B) The real and personal property of the present West Florence Fire Subdistrict of the Florence County Fire District now titled in the subdistrict's name shall be transferred to the new West Florence Fire District created by this article. However, the district must assume a portion of the current indebtedness of the Florence County Fire District, if any, to be determined by agreement of the Florence County Fire District, the West Florence Fire District Commission, and the governing body of Florence County. The real property on Hoffmeyer Road in the county which the governing body of Florence County has acquired to construct a new fire station for the West Florence Fire Subdistrict also must be transferred to the new district established by this article with the consideration for it to be determined by agreement between the district commission and the governing body of Florence County.Amended by 2015 S.C. Acts, Act No. 89 (HB 3670), s 4, eff. 7/7/2015.Added by 2014 S.C. Acts, Act No. 183 (HB 5225), s 1, eff. 5/28/2014.2015 Act No. 89 (H.3670), Section 4, eff 7/7/2015; 2014 Act No. 183 (H.5225), Section 1, eff 5/28/2014. 2015 Act No. 89, Section 6, provides as follows:
"SECTION 6. The provisions of this act shall expire five years from its effective date."