§4575.6. Dissolution
If no events center has been approved or developed, in accordance with the procedures prescribed in R.S. 33:4575-4575.6 within ten years, from and after January 1, 1997, all power and authority conferred hereby shall lapse, the district shall be dissolved, and all power and authority incident thereto shall become null and void as a matter of law; however, in such event, all obligations, contractual or otherwise, incurred by the district during its existence shall survive and shall be fully enforceable in accordance with their terms.
Acts 1986, No. 685, §1, eff. July 8, 1986; Acts 1996, 1st Ex. Sess., No. 11, §1, eff. May 1, 1996.
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