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in lumiciuyl as at herein, ioiutly exercised in the inatmer set loath Itercirr. <br />a. Principal Place of Business <br />The priucipal office or the Audrorhy slid! be 1215 K Street, Suite 1650, Sacramento, <br />Galitoruia 9)5814. <br />4. Creation of Asthortty, Addition of Members or Associate Members <br />a. t'lae Authority is hereby created lrursuant to tlta Art, As provided ill the Act, ore <br />Authority sitall Ire a public entity separate and distinct From tale Members or Associalc Members. <br />Ir. The Authority will cause a uolim er Ellin Agreement or any antendntcut hereto to <br />be prepared will filed with die ollice Of the Scrrcuu'y or State of Catirerntia ill a tfurely Fashion to <br />die nuraner act loth ill Section 650M or the Art. <br />C. A county that is a rncraber or RCRC mxy peddou to become it member of the <br />Authority by subndldrrg to the Board a resolution or evidcucQ or ocher lbrrnil anion taken by its <br />goveruirtg body anioptitig this Agreement, The Board shall review the pctitioo for nremberslup <br />attd shad) vote to approve or disaplrrovo (Ile petition. 1r dte petition is approved by a 111.101`4 of <br />the Boanl, such Couuay shall unatcdiately ber•Ome a Member of ilia Authority, <br />d. Ara Associate A2eeuber nuiy, be added to tine Authority upon the adllrmative <br />Approval of its respective grncmiug board autl pursuant to action by the Authority Board upon <br />such terms and rcuditious, and with such rights, privileges Will responsibilities, as may be <br />estatblislred from lime to time by the Board, Such terms :ill vonditious, and r ghts, privileges and <br />responsibilfties may vary anrotg¢ the Associate Members, Associate Members shall be m1il[ed to <br />participate in one or more prograrns orthe Audurrity as determined by the Board, but sla not be <br />voting members of tire. Hoard. The Executive Director or the Authority sliaall eulbrre the tertns <br />attd coudidom for prospective Associate Members to the Audiorily as provide<I by resolution of <br />the Bovxl and as alveuded treat tiurc to dine by ills Board. Chmiges in the terms and couditious <br />for Assocha a Memherslup by tho Board will lot cmistlorte Wa arueodrneut of this Agreement. <br />5. Teter and Tonnkm arm of Powers <br />This Agreemcnt shadl bemire epective from, the elate hereof until the earlier or the lime <br />when all Bonds and ally interest dtercon shadl lurve bceu paid ill full, or provision for such <br />patymm6 shall have been made, or when the Authority shall uo torigor owo or mold any iva rest ill a <br />public Capital itnprevenreut or program. '110 Authority shall routhmc to exercise die poavcrs <br />Itorcin cotderred upon it until ternri a dou or this Agreement, except that Wally Bonds are issued <br />and delivered, ill un event illall [tic, exercise of the powers hcreur grained he terminated until all <br />Bonds so issued atld delivered and the interest thcreou shall lave been paid or provision lirr stlela <br />payout shall have becu mule and Wry oilier debt incurred with respect to any other finanrby; <br />program established or administered by ale Authority has becu repaid ill Full all([ is uo lougcr <br />oulstauulirtg, <br />6, Powers; Restriction upon b'atcrciao <br />Resolution No. 2015-044 <br />Page 6 of 16 <br />