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CALIFORNIA HOME FINANCE AUTHORITY JOINT EXERCISE OF POWERS OF AUTHORITY-2014
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CALIFORNIA HOME FINANCE AUTHORITY JOINT EXERCISE OF POWERS OF AUTHORITY-2014
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Last modified
12/22/2015 11:02:35 AM
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12/22/2015 10:51:14 AM
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Contracts
Company Name
CALIFORNIA HOME FINANCE AUTHORITY JOINT EXERCISE OF POWERS OF AUTHORITY
Contract #
A-2015-180
Agency
PUBLIC WORKS
Council Approval Date
8/4/2015
Destruction Year
0
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proceeding, had no reasonable cause to believe his or her conduct was unlawful and, in the case of <br />an actiou by or in (lie right of the Authority, acted with such cue, including reasonable inquiry, as <br />an ordinarily prudent person in a like position would use under similar circumstances. <br />18. Immunities <br />All of the privileges and immunities from liabilities, exemptions from law, ordinances and <br />rules, till pcusiou, relic(, disability, workers compensation and other benefits which apply to the <br />activity of officers, agents or employees of any of Lire Members or Associate Members when <br />perforining their respective functions, shall apply to them to the sanic degree and extent while <br />engaged as Delegates or otherwise as au officer, agent or other rcpreseuGdivc of the Authority or <br />while engaged in (lie perl'ornrauce of any of their tuuctious or duties under the provisions of this <br />Agreement. <br />19. Amendment <br />This Abreenicia may be amended by lire adoption of the amendment by the governing <br />bodies of a majority of the Members. Tire anuudmeut shall become cllcc6ve on the first clay of <br />lire month following the last required member agency approval, Ali amendment may be initiated <br />by the Board, upon approval by a maiority of the Board. Any proposed amendment, iuclud ng the <br />text of die proposed change, shall be given by the Board to each b'Iomber's Delegate for <br />prescutatiou and action by each Member's board withiii 60 days, which time may be extended by <br />the Board. <br />Tile fist of Members, Attachment 1, may be updated to reflect new and /or withdrasnr <br />Members without requiring formal amrendment of the Agreement by die Auflrority Board of <br />Directors. <br />80. Withdrawal of Member or Associate Member <br />If a Manber withdraws as member of RCRC, its ntcmbersliip in tine Authority shall <br />automatically terminate. A Member or Associate Merul= may withdraw from this Agrcemcut <br />upon written uo6ce to the Board; provided however, flint no such withdrawal shall result in the <br />dissolutiou of the Autliorily as long as any Bonds or oilier obligations of the Authority remain <br />outsL•mding. Any such withdrawal shall become eflective thirty (30) days after a resolution adopted <br />by the Member's governing body which authorizes withdrawal is received by the Authority. <br />Notwithstanding tine foregoing, any termination of membership or widrdrawal from the Authority <br />shall not operate to relieve any terminated or wididraiving Member or Associate Member From <br />Obligations incurred by such terminated or withdrawiaig Member or Associate Member prior to <br />tine time of its termination or willidrrwal. <br />$0. Miscellaneous <br />a. Counterparts. This Agreement may be executer( in several counterparts, each of <br />which shall be an original and all of which shall constitute but one Mud (tic same instrument. <br />b. Construction. The section headings herein are for comvnicuce out), and are not to <br />
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