Section 11-54A-20 Dissolution of Corporation and Vesting of Title to Property in City.
The authority’s board may adopt a dissolution resolution when the authority has no bonds or other obligations outstanding. After a certified copy is filed with the county judge of probate, the authority is dissolved, and any property it owned passes to the city.
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Section 11-54A-20 Dissolution of Corporation and Vesting of Title to Property in City.
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