The fractions taken from old counties to form new counties, or taken from one (1) county and added to another shall continue to be liable for their pro rata of all debts contracted by their respective counties prior to the separation, and be entitled to their proportion of any stocks or credits belonging to such old counties.
Const. 1870, art. 10, § 4; Shan., § 100a1; Code 1932, § 118; T.C.A. (orig. ed.), § 5-205.
Textbooks. Tennessee Jurisprudence, 8 Tenn. Juris., Counties, § 4.