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time. A vote of the majority of a quorum, at a Meeting is sufficient to take action. <br />AR CLE 7. OFFICERS, <br />7.1 The Governing Board shall elect a president, vice-president, Treasurer and <br />Secretary from among its members. The manner of election and term of office of <br />elected officers and their authority and responsibilities shall be as set forth in the <br />.Authority By -]Laws. If any of the officers cease to be a Member's representative, <br />the resulting vacancy shall be tilled as provided in the Authority BY -Laws. Tho <br />Governing Board may appoint such other officers as it considers necessary. <br />ART- wCL1E s. r0ms. <br />8.1 The Authority shall have the powers common to its Members and is authorized, in <br />its own name, to do all acts necessary and to exercise such common powers to <br />fulfill the purposes of this Agreement referred to in Article 2 .including, .but not <br />1�rrtitR tn� tnh rnf thy' fnllnwirl• <br />8.1.1 Fimmee through the issuance of Bonds or other financial <br />instruments of indebtedness, self insurance reserve funds <br />necessary or convenient for the implementation of this Agreement.. <br />5.1.2 Incur debts, liabilities, and obligations, <br />8.1,3 Acquire, hold, or dispose of real and personal property. <br />8JA Receive contributions and donations of property, funds, services, <br />and other forms of assistance from any source. <br />8.1.5 Sue and be stied in its own name. <br />Approved by the Goymning board October 13, 2M4 <br />9 <br />City Council <br />15 — 13 8/6/2024 i <br />