Common use of Reservation of Powers Clause in Contracts

Reservation of Powers. Any powers not specifically enumerated shall be reserved to the Parties. Specifically, and without limitation, the following powers are reserved: the ability to hire staff; the ability to own real property; the ability to own personal property, unless such properties are purchased with grant monies or are a gift; the ability to levy; and the ability to incur debt or bond.

Reservation of Powers. Any powers not specifically enumerated shall be reserved to the Parties. Specifically, and without limitation, the following powers are reserved: the ability to hire staff; the ability to own real property; , the ability to own personal property, property unless such properties monies are purchased with grant monies or are a gift; the ability to levy; and , the ability to incur debt or bond.