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Upon enactment of a resolution by the city council for dissolution of the public corporation or by the public corporation for its own dissolution, the public corporation shall file a dissolution statement signed by its chief executive officer setting forth:

A. The name and principal office of the public corporation;

B. The debts, obligations and liabilities of the public corporation, and the property and assets available to satisfy the same; the provisions to be made for satisfaction of outstanding liabilities and performance of executory contracts; and the estimated time for completion of its dissolution;

C. Any pending litigation or contingent liabilities;

D. The board resolution providing for such dissolution and the date(s) and proceedings leading toward its adoption, whenever the dissolution be voluntary; and

E. A list of persons to be notified upon completion of dissolution. The mayor shall review the statement filed and oversee the dissolution to protect the public interest and prevent impairment of obligation, or if so authorized by law, authorize or initiate proceedings in the superior court for the appointment and supervision of a receiver for such purposes. Upon satisfactory completion of dissolution proceedings, the mayor shall indicate such dissolution by inscription of “charter cancelled” on the original charter of the public corporation, on file with the city finance director and, when available, on the duplicate original of the public corporation, and the existence of the public corporation shall cease. The city finance director shall give notice thereof to the Secretary of State and other persons requested by the public corporation in its dissolution statement. [Ord. 9478, 1985].