There is a newer version of the North Carolina General Statutes
2013 North Carolina General Statutes
Chapter 160A - Cities and Towns.
Article 24 - Parking Authorities.
Section 160A-564 - Termination of authority.
NC Gen Stat § 160A-564 (2013) What's This?
160A-564. Termination of authority.
The city council shall have the authority to terminate the existence of the authority at any time. In the event of such termination, all property and assets of the authority shall automatically become the property of the city and the city shall succeed to all rights, obligations and liabilities of the authority. (1951, c. 779, s. 20; 1979, 2nd Sess., c. 1247, ss. 43, 44.)
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