Section 10. The debts and liabilities of the Territory shall be assumed and paid by the State, and all debts owed to the Territory shall be collected by the State. [Ren Const Con 1968 and election Nov 5, 1968; ren Const Con 1978 and election Nov 7, 1978]
All territorial general obligation bonds outstanding and unpaid at time of statehood became state obligations. 44 H. 154, 163, 352 P.2d 861.