all BOD resigning

BOD are all resigning at the same time effective our meeting tonight. Our deed restrictions originated in 1970 and are still under the original platt owners and the architectural committee. Although, an HOA has been in existence since the late 1970's and has been filed with secretary of state in Texas, it was never filed with the county except for the original deed restrictions. If we all resign, who is responsible for cancelling the HOA with the Texas secretary of state and for refunding the monies collected during our tenure. There has been monies stolen before with past HOAs and we do not want any lawsuits. There is no one else to take over since hardly anyone attends the meetings. We are concerned that the bad crowd might get access the $$$ in our bank acct. What is the proper procedure?