Restriction on Exercise of Powers. Pursuant to the JPA Act (i.e., Government Code sections 6508 and 6509), all common powers exercised by the Library JPA shall be exercised in a manner consistent with, and subject to, the restrictions and limitations upon the exercise of such powers as are applicable to the County of Nevada, a general law county, and the Town of Truckee, a charter town.
Restriction on Exercise of Powers. Pursuant to Section 6509 of the Joint Exercise of Powers Act, the Authority has designated a general law city as the Member for determination of the restrictions upon the Authority in exercising the common powers under this Agreement and the City of Cupertino shall serve as such Member. In the event that the City of Cupertino ceases to be a Member, the Board may designate by resolution another general law city Member as the Member for determination of the restrictions upon the Authority in exercising the common powers.
Restriction on Exercise of Powers. Pursuant to the JPA Act, all common powers exercised by the Agency shall be exercised in a manner consistent with, and subject to, the restrictions and limitations upon the exercise of such powers as are applicable to the County of Sonoma.
Restriction on Exercise of Powers. Under Sections 6508 and 6509 of the Act, all common powers exercised by the Authority shall be exercised in a manner consistent with, and subject to, the restrictions and limitations upon the exercise of such powers as are applicable to the County of Alameda, a California charter county.
Restriction on Exercise of Powers. The powers of the Authority shall be exercised in the manner provided in the Act and in the JPA Law, and, except for those powers set forth in the JPA Law, shall be subject (in accordance with Section 6509 of the JPA Law) to the restrictions upon the manner of exercising such powers that are imposed upon the County of Sonoma in the exercise of similar powers.
Restriction on Exercise of Powers. Pursuant to and to the extent required by California Government Code Section 6509, the Authority shall be restricted in the exercise of its powers to the same extent as the City of Long Beach is restricted in its exercise of powers hereunder; provided that, if the City of Long Beach shall cease to be a Member, then the Authority shall be restricted in its exercise of powers to the same extent as the City of Xxxxxx is restricted in its exercise of powers hereunder; in that the aforesaid cities are charter cities with statutory authority over a water supply.
Restriction on Exercise of Powers. Pursuant to Section 6509 of the Act, the County of Alameda is designated as the Member for determination of the restrictions upon the Members in exercising the powers set forth in this Agreement.
Restriction on Exercise of Powers. Despite anything contained elsewhere in this Settlement:
(1) no discretion or power conferred on the Trustees or on any other person shall be exercisable after the expiration of the Trust Period or in such a way as to infringe any rule against perpetuities or excessive accumulations applicable hereto or to prevent the conditions laid down in Section 86 of the Inheritance Tax Act 1984 as amended from time to time of the United Kingdom from being satisfied;
(2) the Trustees shall not apply the capital or income of the Trust Fund so as to provide relevant benefits as defined by section 612(1) of the Income and Corporation Taxes Act 1988 as amended from time to time of the United Kingdom to the intent that this Settlement shall not constitute a retirement benefits scheme as defined in section 611 of that Act but so that the Trustees may apply the Trust Fund so as to make provisions against future determination of service through accidental death or accidental disability occurring whilst in service, or similar matters to the intent that this Settlement shall constitute a sponsored superannuation scheme as defined within section 624(1) of the said Income and Corporation Taxes Xxx 0000; and
(3) the Trustees shall not enter into any guarantees or grant any indemnity that is not (in aggregate with all other guarantees and indemnities entered into by the Trustees) limited in recourse to the assets of the Trust Fund and/or the relevant sub-trust created under this Settlement. The Trustees shall not borrow money or other property whether such borrowing is secured or unsecured unless previously agreed in writing with the Settlor.
(4) the Trustees shall neither directly or indirectly through a third party purchase invest in or otherwise become involved in the management of commercial real estate.
Restriction on Exercise of Powers. Despite anything contained elsewhere in this Settlement no discretion or power conferred by this Deed on the Trustee or on any other person shall be exercisable after the expiration of the Trust Period or in such a way as to infringe any rule against perpetuities or excessive accumulations applicable hereto.
Restriction on Exercise of Powers. DESPITE anything contained elsewhere in this Settlement no discretion shall be exercisable after the expiry of the Trust Period or in such a way as to infringe any rule against perpetuities or excessive accumulations applicable to this Settlement.
