Section 1596-Q. Termination of the authority

Latest version.

Whenever all of the bonds
  issued by the authority shall have been redeemed or  canceled,  and  all
  its  liabilities  met  or  discharged,  and  the termination date of its
  corporate existence as set forth in section fifteen hundred ninety-six-c
  of this title shall have been reached,  the  authority  shall  cease  to
  exist  and  all  rights,  titles  and  interests and all obligations and
  liabilities thereof vested  in  or  possessed  by  the  authority  shall
  thereupon vest in and be possessed by the city of Yonkers.

                    
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