Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />~- <br /> <br />or sold to public or private purchasers at public or negotiated <br /> <br />sale, in whole or in part. The A~thority shall set any other terms <br />/ <br /> <br />and conditions on any purchase or sale of bonds or other evidences <br /> <br />of indebt~ness cont~mpla!ed herein as it deems to be necessary, <br /> <br /> <br />appropriate and in the public interest, in furtherance of the Act. <br /> <br />The Authority shall have the power, in its own name, to <br /> <br />by, sell or lease property and to issue, sell and deliver Bonds for <br /> <br />any purpose authorized under the Act. <br /> <br />The Authority is authorized, in its own name, to do all <br /> <br />acts necessary for the exercise of said powers for said purposes, <br /> <br />including but not limited to any or all of the following: to make <br /> <br /> <br />and enter into contracts; to employ agents and employees; and to <br /> <br />sue and be sued in its own name. <br /> <br />Except as otherwise provided herein, such power shall be <br /> <br />exercised subject only to such restrictions upon the manner of <br /> <br />exercising such power as are imposed upon the City in the exercise <br /> <br />of similar powers, as provided in Section 6509 of the Act. <br /> <br />Notwithstanding the foregoing, the Authority shall have <br /> <br />any additional powers conferred under the Act or under applicable <br /> <br />law, insofar as such additional powers may be necessary to <br /> <br />accomplish the purposes set forth in Section 2 hereof. <br /> <br />SECTION 6. TERMINATION OF POWERS <br /> <br />Subject to the provisions of Section 16, the Authority <br /> <br />shall continue to exercise the powers herein conferred upon it <br /> <br />until the termination of this Agreement or until the City and the <br /> <br />Agency shall have mutually rescinded this Agreement. <br /> <br />LAl-45527.2 <br /> <br />9 <br />