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JOINT POWERS AGMT/CITY/CRA/SAFA
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SANTA ANA FINANCING AUTHORITY
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JOINT POWERS AGMT/CITY/CRA/SAFA
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1/3/2012 1:11:27 PM
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12/5/2007 2:35:00 PM
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_. ~_ <br />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Agency shall have mutually rescinded this Agreement.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 />• <br />r~.iassz~.z g <br />
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