CALIFORNIA HOME FINANCE AUTHORITY JOINT EXERCISE OF POWERS OF AUTHORITY-2014

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a. 1 "o effectuate its purpose, the Aandaoriry shall have the power to exercise any alit all powers of the Members or of a ,joint powers authority miler the Act and other applicable provisions of law, subject, however, to (lie conditions and restrictious herein contained. Each Member or Associate Member may also separately exercise auy and all such powers. The powers of the Authority are limited to those of a general law county. b. The Authority may adopt, from time to time, such resolutions, guidelines, rules and regulations for the conduct of its meetings and [lie activities of die Authority as it deems necessary or desirable to accomplish its purpose. C. The Authority shall have the power to finance the construction, acquisition, improvement and rehabilitation or real property, including the power to purchase, with the arnouhrts received or to be received by it pursuant to a bond purchase agreement, boucls issued by any or its Members or Associate Members and other local agencies at public or negotiated sale, for the purpose set forth herein and bn accordance with the Act_ All or any part of such bonds so purchased may he held by the Authority or resold to public or private purchasers at public or negotiated safe. The Autiority shall set any other terms and couditious of any purchase or sale coutemplated herein as it deems uccessuy or conveuieut and in furtherance of the Act. The Authority may issue or cause to be issued Bonds or other indebtedness, and pledge any or its property or revenues as security to the exteut permitted by resolutiou of the Board under any applicable provision of law. The Authority may issue Bonds in accordance awida the Act in order to ruse Finds necessary to effectuate its purpose hereunder and may enter into agzcemeuts to secure such Bonds. Tlhc Authority may issue other Forms of indebtedness authorized by due Act, and to secure such debt, to furtlher such purpose. The Audhority may utilize other lonns of capital, including, but riot limited to, the Authority's internal resources, capital markets and other terms of private capital investment authorized by the Act., c1. The Authority is hereby authorized to do all acts necessary for due exercise of its Powers, including, but not limited to: (1) executing contracts, (2) employing agents, consultants and employees, (3) acquiring, constructing or providing for maintenance and operation of any building, work or improvement, hl) acquiring, holding or disposing of real or personal property wherever located, including property subject to mortgage, (5) incurring debts, liabilities or obligations, (6) receiving rifts, contributions and donadous of property, fuu(ls, services and any other forms of assistance from persons, firms, corporations or governmental entities-, (7) suing and being sued in ifs own n anic, and litigating or sealing auy suits or claims, (S) doing any and all things necessary or convenient to (lie exercise of its specific powers and to accomplishing its purpose (9) establishing and /or adnhunislering districts to finance and refinance die acquisition, installation and improvement of euengy efficiency, water