160A-585. Termination.
The governing body of the municipality shall have the authority to terminate the existence of the authority at any time. In the event of such termination, all property and assets of the authority shall automatically become the property of the municipality and the municipality shall succeed to all rights, obligations and liabilities of the authority. (1977, c. 465; 1979, 2nd Sess., c. 1247, s. 45.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 160A - Cities and Towns
Article 25 - Public Transportation Authorities.
§ 160A-577 - Creation; membership.
§ 160A-578 - Purpose of the authority.
§ 160A-579 - General powers of the authority.
§ 160A-580 - Authority of Utilities Commission not affected.
§ 160A-581 - Territorial jurisdiction.
§ 160A-582 - Fiscal accountability.
§ 160A-584 - Effect on existing franchises and operations.
§ 160A-586 - Controlling provisions.
§ 160A-587 - Consolidation of public transportation authority and parking authority.