27-336. Same; dissolution of authority; procedure; conditions.
27-336
27-336. Same; dissolution of authority; procedure; conditions.The authority may be dissolved by a two-thirds (2/3) majorityvote of the governing body of the city and the board of county commissioners,and all property belonging to the authority shall thereupon be distributedto the city and county in the manner agreed upon by the governing bodiesof the city and county. The authority shall not be dissolved hereunderunless and until all of its liabilities, bonds and other valid indebtednesshave been paid in full or have been otherwise discharged.
History: L. 1978, ch. 148, § 10; April 20.