N.Y. Public Authorities Law § 1621-r: Termination of the authority

* § 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* NB Repealed per § 1621-r (see chapter 597 of 2023 § 2 for specifics)