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Section . 470 Dissolution--Statement. <br /> Upon enactment of a resolution by the City Council for <br /> dissolution of the public corporation or by the public <br /> corporation for its own dissolution other than for purposes of <br /> merger or reorganization in a plan approved by the Mayor, the <br /> public corporation shall file a dissolution statement signed by <br /> its chief executive officer setting forth: <br /> A. The name and principal office of the public corporation; <br /> B. The debts, obligations and liabilities of the public <br /> corporation, and the property and assets available to satisfy the <br /> same; the provisions to be made for satisfaction of outstanding <br /> liabilities and performance of executory contracts; and the <br /> estimated time of completion of its dissolution; <br /> C. Any pending litigation or contingent liabilities; <br /> D. The Board of Directors resolution providing for such <br /> dissolution and the date (s) and proceedings leading toward its <br /> adoption, whenever the dissolution be voluntary; and <br /> E. A list of persons to be notified upon completion of the <br /> dissolution. <br /> The Mayor shall review the statement filed and oversee the <br /> dissolution to protect the public interest and prevent impairment <br /> of obligation, or if so authorized by law, authorize or initiate <br /> proceedings in the Superior Court for the appointment and <br /> supervison of a receiver for such purposes . Upon satisfactory <br /> completion of dissolution proceedings , the Mayor shall indicate <br /> such dissolution by inscription of "charter cancelled" on the <br /> original charter of the public corporation on file with the City. <br /> Clerk and, when available, on the duplicate original of the . <br /> public corporation, and the existence of the public corporation <br /> shall cease. The City Clerk shall give notice thereof to <br /> Secretary of State and other persons requested by the public <br /> corporation in its dissolution statement. <br /> Section . 480 Merger with public corporation. <br /> An application by a public corporation to merge with or into <br /> another public corporation organized under this chapter shall be <br /> processed in the same manner as a charter amendment by the public <br /> corporation and as an application for charter in accordance with <br /> Sections . 090 and . 100; and approval by the Mayor shall authorize <br /> the merger. In the event of such a merger, all of the rights , <br /> assets and property of the public corporation shall vest in the <br /> surviving public corporation or successor public corporation. <br /> Section . 490 Termination--Disposition of assets . <br /> Upon termination of the existence of a public corporation, <br /> all of the rights , assets and property of the public corporation <br /> shall pass to and be distributed as provided by agreements with <br /> donors or other parties at the time of acquisition of the <br /> - 24 - <br />