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6.3.A. - Page 10 <br /> in financing as authorized herein,jointly exercised in the manner set forth herein. <br /> 3. Principal Place of Business <br /> The principal office of the Authority shall be 1215 K Street, Suite 1650, Sacramento, <br /> California 95814. <br /> 4. Creation of Authority;Addition of Members or Associate Members <br /> a. The Authority is hereby created pursuant to the Act. As provided in the Act, the <br /> Authority shall be a public entity separate and distinct from the Members or Associate Members. <br /> b. The Authority will cause a notice of this Agreement or any amendment hereto to <br /> be prepared and filed with the office of the Secretary of State of California in a timely fashion in <br /> the manner set forth in Section 6503.3 of the Act. <br /> c. A county that is a member of RCRC may petition to become a member of the <br /> Authority by submitting to the Board a resolution or evidence of other formal action taken by its <br /> governing body adopting this Agreement. The Board shall review the petition for membership <br /> and shall vote to approve or disapprove the petition. If the petition is approved by a majority of <br /> the Board, such county shall immediately become a Member of the Authority. <br /> d. An Associate Member may be added to the Authority upon the affirmative <br /> approval of its respective governing board and pursuant to action by the Authority Board upon <br /> such terms and conditions, and with such rights, privileges and responsibilities, as may be <br /> established from time to time by the Board. Such terms and conditions, and rights, privileges and <br /> responsibilities may vary among the Associate Members. Associate Members shall be entitled to <br /> participate in one or more programs of the Authority as determined by the Board, but shall not be <br /> voting members of the Board. The Executive Director of the Authority shall enforce the terms <br /> and conditions for prospective Associate Members to the Authority as provided by resolution of <br /> the Board and as amended from time to time by the Board. Changes in the terms and conditions <br /> for Associate Membership by the Board will not constitute an amendment of this Agreement. <br /> 5. Tenn and Termination of Powers <br /> This Agreement shall become effective from the date hereof until the earlier of the time <br /> when all Bonds and any interest thereon shall have been paid in full, or provision for such <br /> payment shall have been made, or when the Authority shall no longer own or hold any interest in a <br /> public capital improvement or program. The Authority shall continue to exercise the powers <br /> herein conferred upon it until termination of this Agreement, except that if any Bonds are issued <br /> and delivered, in no event shall the exercise of the powers herein granted be terminated until all <br /> Bonds so issued and delivered and the interest thereon shall have been paid or provision for such <br /> payment shall have been made and any other debt incurred with respect to any other financing <br /> program established or administered by the Authority has been repaid in full and is no longer <br /> outstanding. <br /> 6. Powers; Restriction upon Exercise <br /> Page 3 of 13 <br />