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II <br />PURPOSE AND POWERS <br />2.1 Agency Created. <br />There is hereby created a public entity to be known <br />as the "SAN JOAQUIN HILLS TRANSPORTATION CORRIDOR AGENCY." <br />The Agency is formed by this Agreement pursuant to the provi- <br />sions of Article 1, Chapter 5, Division 7, Title 1 of the <br />Government Code of the State of California. The Agency shall <br />be a public entity separate from the parties hereto. <br />2.2 Purpose of the .Agreement; Common Powers to be Exer- <br />cised. <br />Each member has the common power to plan for, <br />acquire, construct, maintain, repair, manage, operate, and <br />control facilities for one or more of the following purposes: <br />a. The financing of and the imposing of fees for <br />the planning and construction of major thoroughfares and <br />bridges; <br />b. The power to plan for, acquire, and construct <br />environmentally - sensitive thoroughfares and bridges to <br />conform to the technical standards of the California <br />Department of Transportation (CALTRANS) and the Federal <br />Highway Administration (FHWA), whenever possible. <br />The purpose of this Agreement is to jointly exer- <br />cise the foregoing common powers to undertake such studies <br />and planning relative to the San Joaquin Hills Transportation <br />Corridor as may be necessary to establish areas of benefit, <br />-6- <br />