1570-T - Termination of the authority.

§  1570-t.  Termination  of  the  authority. Whenever all of the bonds  issued by the authority shall  have  been  redeemed  or  cancelled,  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 village.