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C150317 application
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C150317 application
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Entry Properties
Last modified
1/22/2015 9:59:04 AM
Creation date
6/10/2011 11:55:09 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
CT2015-013
C150317
Contractor Name
Lake Durango Water Authority
Contract Type
Loan
County
La Plata
Loan Projects - Doc Type
Application
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Section 4.9 ASSISTANT SECRETARIES AND ASSISTAN'I' TREASURERS. The Assistant <br />Secretaries and Assistant Treasurers, in general, shall perform such duties as shall be assigned to <br />them by the Secretary or the Treasurer, respectively, or by the President or the Board of <br />Directors. <br />Section 4. IO INI��NI�J1�F'ICA� (�1 %' DI1�"(:7 (�1�7 ANI� �Nlt�"Lf�Y���`,S. �o <br />the maximum e�ent permitted by the Colorado Governmental Immunity Act (C.R.S. 24-10-101, <br />et seq. ), the Directors, Officers and employees of the Authority ("Public Employees") sha11 be <br />indemnified by the Authority for claims against them arising from an act or omission of such <br />Public Employee occurring during the performance of the Employee's duties and within the <br />scope of t�e Publi� �rngYoyee's emcpYayme�nt, exc�pt tvhere such ac� vr omissior� is willfui and <br />wanton. The Authority may purchase enor and omissions insurance to provide additional <br />indemnification to all Public Employees of the Authority. <br />Section 4.11 SALARIES. T'he officers shall serve without salary. <br />A.RTICLE V <br />CONTRACTS, REVENUE BONDS, CHECKS AND DEPOSITS <br />Section S.1 CONTRACTS. The Board may authorize any officer or officers, agent or <br />agents, to enter into any contract or execute and deliver any instrument in the name of and on <br />behaifofthe Authority, and sucfi authority may be generaT or confined to specific instances. <br />Section 5.2 REVENUE BONDS The Authority shall not have the power to incur any <br />indebtedness. The Authority may, in accordance with Colorado statutes, issue revenue bonds <br />payable solely from revenue of the Authority derived from services provided by the Authority. <br />Section 5.3 CHECKS. All checks, drafts or other orders for the payment of money, notes <br />or other evidences of indebtedness issued in the name of the Authority shall be signed by such <br />officer or officers, agent or agents of the Authority and in such manner as shall from time to time <br />be determined by resolution of the Board of Directors. <br />Section 3.4 ��U�1'1�`. AfI funds of`tfie Au�tiority sha�l be c�eemed " pu�Iic funds'� and <br />sha.11 be deposited from time to time to the credit of the Authority in such banks, trust companies <br />or other depositories as the Board may select in accordance with the requirements of Colorado <br />statutes for the investment of public funds. <br />S�ction 5. S GIFT AI�D - GRA�TS. Ti�e - Ba�rz� n�ay - accept on �e�ialf e►f t�re Au�cnt�q -� <br />contribution, gift, bequest, grant or devise from any public or private source. <br />-5- <br />
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