Section 44
SEC. 44. Dissolution, — A district may be dissolved by resolution of its board of directors filed in the manner of filing the resolution forming the district: Provided, however, That the following procedures have bee-n accomplished prior to the adoption of any such resolution: (1) another public entity has acquired the assets of the district and has assumed all obligations and liabilities attached thereto; (2) all bondholders have been notified and they consent to said transfer and dissolution; and (3) a court of competent jurisdiction has found that said transfer and dissolution are in the best interest of the public.