New York § 1596-Q Termination of the authority

New York Statutes

§ 1596-Q — Termination of the authority

New York § 1596-Q

Law PBAPublic Authorities

Title 11City of Yonkers Parking Authority

Art. 7Parking Authorities

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Bluebook

N.Y. Public Authorities § 1596-Q (2026).

Text

  § 1596-q. Termination of the authority. Whenever all of the bonds\nissued by the authority shall have been redeemed or canceled, and all\nits liabilities met or discharged, and the termination date of its\ncorporate existence as set forth in section fifteen hundred ninety-six-c\nof this title shall have been reached, the authority shall cease to\nexist and all rights, titles and interests and all obligations and\nliabilities thereof vested in or possessed by the authority shall\nthereupon vest in and be possessed by the city of Yonkers.\n

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§ 1596-q. Termination of the authority. Whenever all of the bonds\nissued by the authority shall have been redeemed or canceled, and all\nits liabilities met or discharged, and the termination date of its\ncorporate existence as set forth in section fifteen hundred ninety-six-c\nof this title shall have been reached, the authority shall cease to\nexist and all rights, titles and interests and all obligations and\nliabilities thereof vested in or possessed by the authority shall\nthereupon vest in and be possessed by the city of Yonkers.\n