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Part 1
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Vol. 2- City of Santa Ana Financing Authority (Police Administration and Holding Facility)
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Part 1
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or sold to public or private purchasers at public or negotiated <br /> sale, in whole or in part. The Authority shall set any other terms <br /> and conditions on any purchase or sale of bonds or other evidences <br /> of indebtedness contemplated herein as it deems to be necessary, <br /> appropriate and in the public interest, in furtherance of the Act. <br /> The Authority shall have the power, in its own name, to <br /> by, sell or lease property and to issue, sell and deliver Bonds for <br /> any purpose authorized under the Act. <br /> The Authority is authorized, in its own name, to do all <br /> acts necessary for the exercise of said powers for said purposes, <br /> including but not limited to any or all of the following: to make <br /> and enter into contracts; to employ agents and employees; and to <br /> sue and be sued in its own name. <br /> Except as otherwise provided herein, such power shall be <br /> exercised subject only to such restrictions upon the manner of <br /> exercising such power as are imposed upon the City in the exercise <br /> of similar powers, as provided in Section 6509 of the Act. <br /> Notwithstanding the foregoing, the Authority shall have <br /> any additional powers conferred under the Act or under ,applicable <br /> law, insofar as such additional powers may be necessary to <br /> accomplish the purposes set forth in Section 2 hereof. <br /> SECTION 6. TERMINATION OF POWERS <br /> Subject to the provisions of Section 16, the Authority <br /> shall continue to exercise the powers herein conferred upon it <br /> until the termination of this Agreement or until the City and the <br /> Agency shall have mutually rescinded this Agreement. <br /> L441d5527.2 9 <br />
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