Legislation
SECTION 2334
Termination of the authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 15
§ 2334. Termination of the authority. Whenever all of the bonds issued
by the authority shall have been redeemed or cancelled, and all
straight-lease transactions have been terminated, 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 of Auburn.
by the authority shall have been redeemed or cancelled, and all
straight-lease transactions have been terminated, 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 of Auburn.