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time, A vote of the mlljority of a quorum at a meeting is sufficient to take action. <br />ARTICLE 7. OFFICERS. <br />7.1 The Governing Board shall elect a president, vice-president, Treasurer and <br />Secretary from among its members. The manner of election and term of office of <br />elected officers and their authority and responsibilities shall be as set forth in the <br />Authority By -Laws. If any of the officers cease to be a Member's representative, <br />the resulting vacancy shall be filled as provided in the Authority By -Laws. The <br />Governing Board may appoint such other officers as it considers necessary. <br />ARTICLE S. OARS. <br />8.1 The Authority shall have the powers common to its Members and is authorized, in <br />its own name, to do all acts necessary and to exercise such common powers to <br />fulfill the purposes of this ?agreement referred to in Article 2 including, but not <br />limited fn_ earh nfthe- following: <br />8.1.1 Finance through the issuance of Bonds or other financial <br />Instruments of indebtedness, self-insurance reserve Brads <br />necessary or convenient for the implementation of this Agreement. <br />g.1.2 Incur debts, liabilities, and obligations. <br />8.1.3 Acquire, hold, or dispose of real and personal property. <br />8.1.4 Receive contributions and donations of property, funds, services, <br />and other forms of assistance from any source. <br />8.1.5 Sue and be sued in its ownname. <br />Appmved%am GDVM ing nomdOctobu 13,2N4 <br />9 <br />