(a) Whenever the member municipalities and counties shall by ordinance determine that the purposes for which the sanitation authority was formed have been substantially fulfilled and that all bonds issued and all other obligations incurred by the authority have been fully paid or satisfied, the member municipalities and counties may by ordinance declare the authority to be dissolved.
(b) On the effective date of the dissolution, the title to all funds and other property owned by the authority at the time of the dissolution shall vest in all or any number of the member municipalities and counties in the manner provided in the ordinances declaring the dissolution.
(c) Copies of all the ordinances, certified by the respective clerks of the member municipalities and counties, shall be filed with the Secretary of State.
Structure Arkansas Code
Subtitle 14 - Solid Waste Disposal, Waterworks, And Sewers Generally
Chapter 233 - Joint County And Municipal Solid Waste Disposal
§ 14-233-104. Creation of authority — General powers and restrictions
§ 14-233-106. New members — Withdrawal of old members
§ 14-233-107. Specific powers of authority
§ 14-233-108. Board of directors — Executive committee
§ 14-233-109. Bonds — Issuance, public hearing, execution, and sale
§ 14-233-110. Bonds — Trust indenture
§ 14-233-112. Bonds — Liability — Payment and security
§ 14-233-113. Refunding bonds — Issuance
§ 14-233-114. Contracts with municipalities or counties — Rates, fees, and charges — Pledges
§ 14-233-115. Rights of bondholders
§ 14-233-116. Bonds — Tax exemption
§ 14-233-117. Tax exempt status of property and income of authority
§ 14-233-118. Investment of public funds in bonds
§ 14-233-119. Transfer of facilities to authority by county or municipality