1585-R - Termination of the authority.

§  1585-r.  Termination  of  the  authority. Whenever all of the bonds  issued by the authority shall  have  been  redeemed  or  cancelled,  the  authority  shall  cease to exist and all rights, titles and interest and  all obligations and liabilities thereof vested in or  possessed  by  the  city of Port Jervis.