1470-Q - Termination of the authority.

§  1470-q.  Termination  of  the  authority. Whenever all of the bonds  issued by the authority shall have been redeemed or  canceled,  and  all  its  liabilities  met  or  discharged,  and  the termination date of its  corporate existence as set forth in section fourteen  hundred  seventy-b  of  this  title  shall  have  been reached, 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 Rome.