69. (1) The corporation bound for the settlement of joint debts and obligations, and its officers, are authorized:(a) to collect, throughout the whole territory liable for such debts and obligations, the taxes imposed for the payment of the same by the by-laws in force at the time of the alteration of boundaries; or
(b) to impose thereon, by by-law, new taxes to effect the full payment of such debts and obligations, with the same rights and powers conferred upon the corporation and its officers that governed the same before the division and separation of the territory.
(2) The corporation bound for the settlement of joint debts and obligations may also:(a) after three months’ notice duly served, claim and exact directly from the corporation charged with the administration of any portion of territory liable for such debts and obligations, the whole share collectively due by all the owners or occupants of taxable property situated in such portion of territory; or
(b) when the debt or obligation is due by half-yearly or yearly instalments, after the service of a three months’ notice, mentioning the date of maturity and the share due on each of such instalments, claim and exact the total share collectively due on each of such instalments, at the maturity of each of them, by all the owners or occupants of taxable property in such portion of territory. To determine the total share of the common debts or obligations due by instalments, the corporation bound to the settlement must base itself on the valuation roll in force at the date of the dismemberment.The corporation charged with the administration of any such portion of territory so bound, may recover the amounts which it has so paid from the ratepayers liable for such debts and obligations, by means of by-laws or apportionments which it must make for such purpose.