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  • SECTION 2333
    Limitation of liability
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  • TITLE 15
    Auburn Industrial Development Authority
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  • SECTION 2336
    Title not affected if in part unconstitutional or ineffective
    • Viewing most recent revision (from 2014-09-22)

    SECTION 2334

    Termination of the authority

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 15

    § 2334. Termination of the authority. Whenever all of the bonds issued
    by the authority shall have been redeemed or cancelled, and all
    straight-lease transactions have been terminated, the authority shall
    cease to exist and all rights, titles, and interest and all obligations
    and liabilities thereof vested in or possessed by the authority shall
    thereupon vest in and be possessed by the city of Auburn.