Sec. 62.090.  PAYMENT OF CLAIMS.  The court in which the receivership of an abolished municipality is pending shall:
(1)  provide for the payment of the claims legally established against the municipality;
(2)  determine the priority of the claims;
(3)  order the sale of all property held by the receiver that is subject to sale for the satisfaction of the municipality's indebtedness;  and
(4)  direct the receiver to pay the claims legally established against the municipality.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.