Legislation
SECTION 1621-R
Termination of the authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 7, TITLE 21
* § 1621-r. 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, 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 of
Middletown.
* NB Repealed per § 1621-r (see chapter 597 of 2023 § 2 for specifics)
and notes issued by the authority shall have been redeemed or cancelled,
and all its liabilities and duties met or discharged, 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 of
Middletown.
* NB Repealed per § 1621-r (see chapter 597 of 2023 § 2 for specifics)