Agmt99 Joint Powers Agreement - Laserfiche WebLink

Browse Search

ARTICLE IV - POWERS Section 4.1. General Powers. The Authority shall exercise in the manner herein provided the powers common to each of the Agencies and necessary to the accomplishment of the purposes of this Agreement, subject to the restrictions set forth in Section 4.3. As provided in the Act, the Authority shall be a public entity separate fÌ'om the Agencies. The Authority shall have the power to finance, acquire, manage, maintain and operate the Joint Equipment. Section 4.2. Specific Powers. The Authority is hereby authorized, in its own name, to do all acts necessary for the exercise of the foregoing powers, including but not limited to, any or all of the following: (a) to make and enter into contracts; (b) to employ agents or employees; ( c) to acquire, manage, maintain or operate any works or improvements; (d) to acquire, hold or dispose of personal property; ( e) to sue and be sued in its own name; (f) to incur debts, liabilities or obligations, provided that no debt, liability or obligation shall constitute a debt, liability or obligation of any of the Agencies; (g) to apply for, accept, receive and disburse grants, loans and other aids from any agency of the United States of America or of the State; (h) to invest any money in the treasury pursuant to Section 6505.5 of the Act that is not required for the immediate necessities of the Authority, as the Authority determines is advisable, in the same manner and upon the same conditions as local agencies, pursuant; to Section 53601 of the Government Code of the State. (i) to carry out and enforce all the provisions of this Agreement. Section 4.3. Restrictions on Exercise of Powers. The powers of the Authority shall be exercised in the manner provided in the Act and in the Bond Law, and, except for those powers set forth in the Bond Law shall be subject (in accordance with Section 6509 of the Act) to the restrictions upon the manner of exercising such powers that are imposed upon the Agencies in the exercise of similar powers. Section 4.4. Obligations of Authority. The debts, liabilities and obligations of the Authority shall not be the debts, liabilities and obligations of any of the Agencies. ,.,_.."....' -"T'