Common use of Dissolution of the Authority Clause in Contracts

Dissolution of the Authority. (a)(1) Upon the affirmative vote of Directors representing at least two-thirds of all votes entitled to be cast on behalf of all Members and comprising at least two-thirds of the Directors present, the Board may prepare a plan of dissolution for submission to the voters of the municipal Members of the Authority at meetings of the municipal Members of the Authority duly warned for such purposes.

Dissolution of the Authority. (a)(1) Upon the affirmative vote of Directors directors representing at least two-thirds of all votes entitled to be cast on behalf of all Members members and comprising at least two-thirds of the Directors directors present, the Board may prepare a plan of dissolution for submission to the voters of the municipal Members of the Authority at meetings of the municipal Members a special meeting of the Authority duly warned for such purposes.