New York Laws
Title 21 - Middletown Parking Authority
1621-R - Termination of the Authority.

ยง 1621-r. Termination of the authority. Whenever all of the bonds and
notes issued by the authority shall have been redeemed or cancelled, and
all its liabilities and duties met or discharged, and the termination
date of its corporate existence as set forth in section one thousand six
hundred twenty-one-c of this title shall have been reached, the
authority shall cease to exist and all rights, title 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
Middletown.