Section 42-3126 - DISSOLUTION OF DISTRICTA district may be dissolved by the district court for the county in which the office of a district was last located, on complaint or petition of parties holding and owning:
1. Fifty per cent (50%) or more of the issued, outstanding, unpaid bonds of such district; or2. Fifty per cent (50%) or more of all land located within the boundaries of such district; or3. Claims, warrants, liens or other legal obligations of such district in an amount equal to not less than thirty per cent (30%) of the issued, outstanding and unpaid bonds of such district; or4. Upon the complaint of the director of the department of water resources.It must be made to appear to the satisfaction of the court, by such complaint or petition, that any one (1) or more of the following conditions exist in or as to said district:
1. That the district has been abandoned, or for two (2) or more years last past has ceased to function, and there is little or no possibility that it will ever function in the future.2. That no useful purpose exists for the further continuance of the organization of the district.3. That there are not sufficient qualified voters of such district to hold a legal election.[42-3126, added 1971, ch. 300, sec. 26, p. 1219.]