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JPA, CPEIA Adopted: April 18,2001 of the Authority shall contract with a certified public accountant to perform an annual audit of the accounts and records of the Authority. ARTICLE 7. POWERS OF THE AUTHORITY The Authority shall have all of the powers common to its members and all additional powers as set forth in the joint powers law, and it is hereby authorized to do all acts necessary in the exercise of said powers. Such powers include, but are not limited to, the following: (a) (b) (c) (d) To make and enter into contracts. To employ agents and employees. To incur debts, liabilities and obligations. To acquire, hold, or dispose of property, contributions and donations of property, (e) (f) funds, services and other forms of assistance from persons, firms, corporations and public agencies. To sue and be sued in its own name and to settle any claim against it. To receive and use contributions and advances from members as provided in Government Code Section 6504, including contributions or advances of (g) personnel, equipment or property. To invest any money in its treasury that is not required for its immediate Said powers shall be exercised pursuant to the terms hereof and in the manner provided by law. (h) necessities, pursuant to Government Code Section 6509.5. To carry out all provisions of this Agreement ARTICLE 8. BOARD OF DIRECTORS The Authority shall be governed by a Board of Directors, which shall consist of the eleven (11) members. Beginning on July 1, 2001, the members shall consist of the nine (9) voting members of the EIA Executive Committee, plus two (2) representatives of parties to the Agreement appointed by the Board. As of January 1, 2002, the Board shall consist of seven (7) voting members of the EIA Executive Committee to be selected by the EIA Executive Committee, plus four (4) representatives of parties to the Agreement to be elected by the CPEIA members in a manner prescribed in the Bylaws. Page 5 of 18