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eotuervatiou and renewable cuergry [utprovcuteuts to or oil real property <br />and ill buildings, Uke Authority inay ender into oue or ]'lore agreements, <br />inctnelnhg without limitation, participation agreenieulssled inlplemcuGdinu <br />agreements to implenu:ul such programs. <br />C. Suttjcct to die applicable provisiotls of ally iudeuture or resolution providing for the <br />Tuvcsuu ut of uhouics held thereunder, the Authority shall have the power to invest any or its funds <br />its the hoard deer ulv able, ill de $ante manucr and upon the saline rooditioln as roman agencies <br />pursuant to Section SBGt 1 or the Govcnimciu Code of the %ttc of C,alifamia, <br />l', All property, equipment, supplies, funds aihd records of die Authority shtdl be <br />(wiled by the Authority, except as may be provided otrcovise herein or by resolution of the <br />Board. <br />g, Pttrstlattt to the provisions of Section 6,108.1 of like Act, the debts, liabilities and <br />obligations ur the Authority shall not he debts, liabilities and obligations of the Mclubers or <br />Associate Meehan. Any Hoods, togcdier with luty interest and premium thereon, littall not <br />constitute debts, lillbilitics or oblitp idols of ally NTember. The Members or Associate Members <br />hereby a 4rce that amy such Roads issued by the Authority shall riot constitute geucrai oblih-Alious of <br />the Authority but shall be payable solely limit the moneys pledged to the repaymcut of principal or <br />itnerest oil such Bouds under die terms of the resolution, itittcuture, trust, agreement or other <br />iusuunxchit pursusmt to which such Bonds are issued. Neither die Members or Associttc <br />Members nor the Audnirhy still[[ be obtipyatcd to pay die principal of or premimli, if ally, or <br />interest au till, lionds, or odrer casts incideuuil thereto, except troll the revenues roil[ funds <br />pledged dieretor, and neither the 1'iuth and credit nor the: UtAng power of the 4fembers or <br />Associate Members or die Authority shall be pledged to the play111eut or file principal of or <br />prerniurn, if' ally, or interest on the Hoods, nor shall die Members or Associate Members of tlhe <br />Authority be obtiggsrted ill ally msuuler to nntke any appeopr atiou for such payment. No covenud <br />or 1wreenicru contained ill airy Hood shad) be deemed to he a coveruuu or agreeniuut of any <br />Delegate, or any otlieer, agent or employee of the Authority in all individual capa ity, and ucidler <br />tit: board nor ally officer thereof cxecridog die Moods or any document related dhercto shall be <br />liable pursouaily on ally Houd or be subject to bury personal liability or accountability by reason or <br />dIC iSSnailce orally BOLA& <br />7. Govetniug Board <br />a, The Board shall consist of din." number of Dcleptcs equal to Laic represeldadve <br />From each N'loniber. <br />b� The governing body of each Member shall appoint one of its Supervisors to serve <br />ars a 1)clogale orr tlu: Hasutl. A NTctubcr's sgrpoiuuticut of its Delegate attain bo delivered in wrirhtg <br />(which ally be by electronic mad) to the Authority and shall be effective until be or she is replaced <br />by such grrverahtg body or uo louger a Supervssor; ally vacsmcy shall be tilled by the govcrrhiirg <br />body or the Nfember in tiro satire mariner provided ill dui paragraph b.. <br />c, Tile govetuing body oreach Member of due Board shall appoint a'supervisor its aul <br />ittena to some tru ire lioald ill AMC= of the Deletatc; the alternate may execs all the <br />tc <br />Resolution No. 2015-044 <br />Page 8 of 16 <br />