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time. A vote of the mejority of a cuwn= at .a meeting is sufficient to take action: <br />AR CLE 7.. OFFLC&RS. <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. PMR& <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 />HMI'MA in- 1-10n11 of the. fnllnwirlg: <br />8.1.1 Fiwmcc through the issuance of Bonds or other financial <br />instruments of indebtedness, self-insurance reserve funds <br />necessary or convenient for the implementation of this Agreement.. <br />8.1.2 Incur debts,.liabiiities, and obligations. <br />8.1.3 Acquire, hold, or dispose of real and personal property. <br />8.1A Receive contributions and donations of property, funds, services, <br />and other farina of assistance from any source. <br />8.1.5 Sue and be stied in its own name. <br />Approved by ft GoymWag Domd October 13, 2M4 <br />9 <br />