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1/17/66 <br />5 <br />constitute a debt, liability or obligation of the City or the County, and to <br />sue and be sued in its own name. Said powers shall be exercised in the <br />manner provided in said Act and, except as expressly set forth herein, <br />subject only to such. restrictions upon the manner of exercising such <br />powers as are imposed upon the County in the exercise of similar <br />powers. The Authority may also issue revenue bonds, pursuant to <br />Article 2, Chapter 5, Division 7, Title 1 of the (government Code of the <br />State of California (commencing with Section 6�i40, hereinafter called <br />the "Bond Act ") and any other applicable laws of the State of <br />California. <br />SiaoTioiv 5. h'iscal Year. <br />I'or the purposes of this Agreement, the term "fiscal year" shall <br />mean the fiscal year as established from time to time by the County, <br />being at the date of this Agreement the period from July 1 to and <br />including the following June 30. <br />Si:oxmN 6. Disposition of Assets. <br />At the end of the term Hereof, or upon the earlier termination of <br />this Agreement as set forth in Section 2 hereof, all real property of the <br />Authority shall automatically vest in the party thereto which has <br />heretofore conveyed said property to the Authority and shall there- <br />after remain the sole property of said party. All other property of <br />Authority shall he returned to the parties in proportion to the con- <br />tributions made. <br />S 11 CST U)N 7. A. cqu.is- i tiort of I and or Interest Thereiyt. <br />Upon execution of this Agreement by both parties, the City shall <br />convey to Authority such property as it then owns of the property as <br />shown and described on the attached Exhibit "B ", hereby made a part <br />hereof, and County shall convey to Authority such property as it then <br />owns of the property as shown and described on the attached Exhibit <br />"C ", hereby made a part hereof; provided, however, that City and <br />County may each reserve such subsurface rights and surface easements <br />as are necessary for the purposes for which the property is owned. <br />The parties respectively further agree to convey to Authority the <br />balance of the property shown on said Exhibits "B" and "C ", if and <br />when the various parcels thereof are acquired, <br />