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Section 6.8. Deposits. All funds of the Authority shall be deposited to the credit of the <br />Authority in such bank or banks or other financial institutions as the Board may determine. All <br />such deposits shall be covered by the Public Deposit Protection Act, §11-10.5-101, et seq., <br />C.R.S. Funds of the Authority sha11 only be invested in those investments which are lawful for <br />public funds in accordance with the provisions of §24-'75-601, et seq., C.R.S. <br />VII. GENERAL <br />Section 7.1. Amendments. This Agreement may be amended by written document approved by <br />formal action of the governing bodies of a11 of the Members; provided however, that such <br />amendment will not affect other obligations outstanding of the Authority unless provision for full <br />payment of such obligations, by escrow or otherwise, has been made pursuant to such <br />obligations. <br />Section 7.2. Assignment/Consolidation. Rights and obligations of the Authority or its <br />Members under this Agreement sha11 nat be assignable without the written consent of a11 the <br />Members. <br />Section 7.3. Notices. Any formal notice, demand or request provided for in this Agreement <br />between the Authority and its Members sha11 be in writing and sha11 be deemed properly served, <br />given or made if delivered in person or sent by registered or certified mail, postage pre-paid to <br />the Members at the addresses as set forth below, and to the Authority at its principal place of <br />business as established herein, unless another address is provided to the Authority and the <br />Members by any party by providing written notification to the other parties as set forth herein. <br />Section 7.4. Severability. In the event that any of the terms, covenant, or conditions of this <br />Agreement or their application sha11 be held invalid as to any person, corporation or <br />circumstance by any court having competent jurisdiction, the remainder of this Agreement sha11 <br />not be affected thereby. If any provision of this Agreement sha11 be determined to be <br />unconstitutional, invalid or unenforceable, such determination sha11 not affect or impair the <br />-16- <br />