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eouscrvatiou and renemsdle ener&y improvements to or oil real property <br />auI in buildiugs. The Authority may cuter into one or more agreements, <br />iuCludiug without linnilatiat, par(icipxaiou agMUT11CUIS and 411I)Ienneutuiom <br />agreements to implement such progams. <br />C. Subicct to the applicable provisious orally hhdeuturc or resolution providing f'or die <br />iuvesuuc it of ntouics held thercuuder, do Authority shall have the power to invest any or its funds <br />its the Board deems advisable, in the s nic manner and upon the same conditions m local ageucics <br />pursuant to Section 5360 or the Government Colic or the State of California. <br />r, All property, equipment, supplies, funds and records of the Authority s1ud1 be <br />owned by the Autbmity, except as may be provided otherwise herein or by resolution of the <br />Bard. <br />g. Pursuant to the provisions or Section 6508.1 or the Act, Ilia debts, liabilities and <br />obligations of the Authority shall not be debts, liabilities and obtigatiotes or de Members or <br />Associate Members. Any Boucls, togeder with arty interest anal premium thereon, shall licit <br />coustinttc debts, liabilities or obligations of ally Nleruber. The Members or Associate Members- <br />hereby agree that any such Bonds issued by the Authority shall not constitute general obligations or <br />the Authority but shall be payable solely from tltc moueys pledged to the repayment of principal or <br />interest on such Bonds under die terms of the resolutou, hideuture, trust, agreement or other <br />htstrunient pursnud to which such Bonds are issued. Neither fie Members or Associate <br />Members nor the Authority shall be obligated to pay tie principal or or premium, if any, or <br />interest oil to Bonds, or other costs neicleu4d dhcreto, except from the rcveuues and liuuls <br />pledged therefor, and neither the faith and credit nor the taxing power of the Members or <br />Associate Members or the Authority shall be pledged to tic paymcut of tie pliucipal or or <br />premiunt, if airy, or interest ou the Bonds, nor shall die Members or Associate Nfembers of the <br />Authority be obligated in any nvuuter to make any appropriatiou liar such payment. No Covenuut <br />or ttgrecnneul Counted iu any Build shall be deemed to be a covenant or agreement or any <br />Delegate, or any officer, agent or employee of the Authority in all ittlividtial capacity, and ueider <br />the Board nor any officer tercor executing die Boucls or any document reUted thereto shall be <br />liable penxoually oil auy Boud or be subject to any personal liability or aceouutabiity by reason of <br />die issuance of any Bonds. <br />a. The Board shall consist or de number of Delegates equal to one represcnative <br />froth each Member, <br />b. The governing body of each Member shall appoint one of its Supervisors to serve <br />as a Delegate on the Board. A Member's appointment of its Delegate shall be delivered ilk writing <br />(which may be by electronic mail) to tie Authority and shall be ell'ective until lie or site is replaced <br />by such governing body or no louger a Supervisor; any vacancy shall be filled by the gover"ti; <br />body or die Member in the sure nrnuicr provided in this paragraph b.. <br />C. The governing body or each Member or the Board shall appoint a Supervisor as an <br />alternate to serve oil do Board fu the absence or the Delegate: fie alternate tuay exercise all the <br />Resolution No. 2015 -045 <br />Page 8 of 16 <br />