Section 1569-U. Termination of the authority

Latest version.

Whenever all of the bonds
  issued by the authority shall  have  been  redeemed  or  cancelled,  the
  authority  shall cease to exist and all rights, titles, and interest and
  all obligations and liabilities thereof vested in or  possessed  by  the
  authority shall thereupon vest in and be possessed by the city.

                    
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