1599-RRRR - Termination of the authority.

§  1599-rrrr.  Termination of the authority. Whenever all of the bonds  issued by the authority shall have been redeemed or cancelled,  and  all  its  liabilities  met  or  discharged,  and  the termination date of its  corporate  existence  as  set   forth   in   section   fifteen   hundred  ninety-nine-cccc  of  this  title shall have been reached, the authority  shall cease to exist and  all  rights,  titles  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  Long  Beach.