(a) The existence of the Corporation shall be perpetual; provided, that the board of directors by majority vote, including both of the independent members, may dissolve the Corporation when the Bonds, the Residual Bond, if any and all other obligations of the Corporation incurred with respect to the issuance of the Bonds have been repaid or their repayment has been provided for fully, and the existence of the Corporation shall terminate when adequate provision has been made for the payment of all other debts and obligations, and the winding up of the affairs of the Corporation. No assets or earnings of the Corporation shall inure to a private person or entity. Upon dissolution of the Corporation, title to all property of the Corporation shall vest in and become the property of the Government.
(b) As long as the Bonds are outstanding:
(1) The Corporation shall not dissolve or file a voluntary petition under any bankruptcy legislation in effect from time to time or sell all, or substantially all, of its assets;
(2) No public officer, organization, entity, or other person may authorize the Corporation to be or become a debtor under any bankruptcy legislation in effect from time to time; and
(3) The Corporation shall not take any action that materially and adversely affects the rights of the holders of the Bonds or other obligations issued by it.