(1) On the day set in the resolutions of the city and contiguous county governing bodies: (a) Any housing commission in said city and any housing commission in the contiguous county shall cease to exist as a body politic and corporate; (b) All property, real and personal and mixed, belonging to the abolished city and contiguous county housing commissions shall vest in, belong to, and be the property of the city-county housing authority; (c) All judgments, liens, rights of liens, and causes of action of any n ature, in favor of the abolished commissions, shall remain, vest in, and inure to the benefit of the city-county housing authority; (d) All rentals, taxes, assessments, and any other funds, charges or fees, owing to the abolished commissions shall be owed to and collected by the city -county housing authority; (e) Any actions, suits, and proceedings pending against, or having been instituted by the abolished housing commissions shall not be abated by such abolition, but all such actions, suits and proceedings shall be continued and completed in the same manner as if abolition had not occurred, and the city -county housing authority shall be a party to all such actions, suits, and proceedings in the place and stead of the abolished housing commissions and sha ll pay or cause to be paid any judgments rendered against the abolished housing commissions in any such actions, suits, or proceedings, and no new process need be served in any such actions, suits or proceedings; (f) All obligations of the abolished housi ng commissions, including outstanding indebtedness, shall be assumed by the city -county housing authority, and all such obligations and outstanding indebtedness shall be constituted obligations and indebtedness of the city-county housing authority; and (g) All rules, regulations and policies of the abolished housing commissions shall continue in full force and effect until repealed or amended by the city -county housing authority. (2) The creation of a city -county housing authority shall be subject to the same provisions and limitations of KRS 80.320 to 80.610 as are applicable to a regional housing authority. (3) The area of operation of a city -county housing authority shall include all of the territory within the boundaries of the city and contiguous cou nty joining in the creation of the authority.
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