Continued Existence of Authority Notwithstanding Reclassification of Municipalities

Any authority created hereunder shall continue in existence and shall have all powers conferred upon an authority organized pursuant to this article notwithstanding the fact that due to a reclassification of municipalities by the Legislature, the municipality which authorized the creation of such authority is no longer classified as a Class 1 municipality. (Acts 1980, No. 80-648, p. 1235, §22.)