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ARTICLE 3 <br /> <br /> PARTIES TO AGREEMENT <br /> <br /> Each Member, as a party to this Agreement, certifies that <br />it intends to and does contract with all other Members as <br />parties to this Agreement and with such other cities as may <br />later be added as parties to this Agreement. <br /> <br />ARTICLE 4 <br /> <br />TERM <br /> <br /> This Agreement shall become effective when executed and <br />returned to the Authority by at least five (5) Members. The <br />Authority shall promptly notify all Members in writing of such <br />effective date. This Agreement shall continue in effect until <br />terminated as provided herein; provided that the termination of <br />this Agreement with respect to an individual Member upon its <br />withdrawal from membership in the Authority shall not operate <br />to terminate this Agreement with respect to the remaining <br />Members; and provided further that this Agreement shall <br />continue in effect so long as any bonds or other obligations of <br />the Authority are outstanding. <br /> <br />ARTICLE 5 <br /> <br />CREATION OF THE AUTHORITY <br /> <br /> Pursuant to the Joint Powers Law, there is hereby created a <br />public entity separate and apart from the parties hereto, to be <br />known as the "Big Independent Cities Excess Pool Joint Powers <br />Authority," with such powers as are hereinafter set forth. <br /> <br />ARTICLE 6 <br /> <br />POWERS OF THE AUTHORITY <br /> <br /> (a) Powers. The Authority sh~ll have all of the powers <br />con, non to its Members and all additional powers set forth in <br />the Joint Powers Law and other statutes applicable to the joint <br />powers authority created hereby, and is hereby authorized to do <br />all acts necessary for the exercise of said powers. Such <br />powers include, but are not limited to, the following: <br /> <br />(1) To make and enter into contracts. <br /> <br />3 <br /> <br /> <br />