State Codes and Statutes

Statutes > New-york > Pba > Article-7 > Title-11 > 1596-q

§  1596-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 fifteen hundred ninety-six-c  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 Yonkers.

State Codes and Statutes

Statutes > New-york > Pba > Article-7 > Title-11 > 1596-q

§  1596-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 fifteen hundred ninety-six-c  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 Yonkers.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pba > Article-7 > Title-11 > 1596-q

§  1596-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 fifteen hundred ninety-six-c  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 Yonkers.