Common use of Powers of the Agency Clause in Contracts

Powers of the Agency. To the extent authorized through the Board of Directors, and subject to the limitations set forth in this Agreement, the Agency shall have and may exercise any and all powers commonly held by the Members in pursuit of the Agency’s purposes, as described in Article 3.5, including but not limited to the power: a. To exercise all powers granted to a GSA under SGMA; b. To take any action for the benefit of the Members and Affiliated Parties necessary or proper to carry out the purposes of the Agency as provided in this Agreement and to exercise all other powers necessary and incidental to the exercise of the powers set forth herein; c. To levy, impose and collect reasonable taxes, fees, charges, assessments and other levies to implement the GSP and/or SGMA; d. To borrow funds and to apply for grants and loans for the funding of activities within the purposes of the Agency; e. To adopt rules, regulations, policies, bylaws and procedures related to the purposes of the Agency; f. To sue and be sued; and g. To issue revenue bonds.

Powers of the Agency. To the extent authorized through the Board of Directors, and subject to the limitations set forth in this Agreement, the Agency shall have and may exercise any and all powers commonly held by the Members in pursuit of the Agency’s purposes, as described in Article 3.5, including but not limited to the power: a. To exercise all powers granted to a GSA under SGMA; b. To take any action for the benefit of the Members and Affiliated Parties necessary or proper to carry out the purposes of the Agency as provided in this Agreement and to exercise all other powers necessary and incidental to the exercise of the powers set forth herein; c. To levy, impose and collect reasonable taxes, fees, charges, assessments and other levies to implement the GSP and/or SGMA; d. To borrow funds and to apply for grants and loans for the funding of activities within the purposes of the Agency; e. To adopt rules, regulations, policies, bylaws and procedures related to the purposes of the Agency; f. To sue xxx and be sued; and g. To issue revenue bonds.