Legislation
SECTION 1599-S*4
Termination of the authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 7, TITLE 14***
* § 1599-s. Termination of the authority. 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
fifteen hundred ninety-nine-c of this title shall have been reached, the
authority shall cease to exist and all rights, title 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.
* NB Authority ceased to exist 08/05/2002
* NB There are 4 § 1599-s's
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
fifteen hundred ninety-nine-c of this title shall have been reached, the
authority shall cease to exist and all rights, title 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.
* NB Authority ceased to exist 08/05/2002
* NB There are 4 § 1599-s's