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Clarifying the power to provide disposal systems, to enlarge and clarify the definition of the term "disposal system" to include all facilities acquired or constructed by the Authority to obtain, treat, transport, sell and deliver waste treatment facilities or services and to permit the Authority to purchase or obtain water and treat, transport, sell and deliver water to any such person and enter into all contracts necessary or convenient in connection therewith; providing for a procedure for the dissolution of pollution control districts after annexation in whole or in part by municipal corporations and for the assumption of indebtedness and duties thereof by such annexing municipal corporation; providing a severability clause.