1425-R - Termination of the authority.

§  1425-r.  Termination  of  the  authority. Whenever all of the bonds  issued by the authority  shall  have  been  redeemed  or  canceled,  the  authority  shall cease to exist and all rights, titles 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  Hudson.