Section 1622-R. Termination of the authority

Latest version.

Whenever all of the bonds and
  notes issued by the authority shall have been redeemed or cancelled, and
  all its liabilities and duties met or discharged,  and  the  termination
  date  of its corporate existence as set forth in section sixteen hundred
  twenty-two-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 village of Nyack.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');