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Section 2.2. Powers. <br />a. The powers of the Authority aze derived primarily from C.R.S. § 29-1-204.2, ("IGA <br />AcY') which authorizes the establishment of a water authority as a separate governmental entity. <br />b. The_generalpowers of the Authority sha11 include a11 powers_granted by the Colorado <br />Revised Statutes, to wit, the power: <br />(i) To develop water resources, systems, or facilities in whole or in part for the benefit of <br />the inhabitants of the Members or others, at the discretion of the board af directors of the <br />Authority, subject to fulfilling any conditions or requirements set forth in this Agreement; <br />(ii) To make and enter into contracts; <br />(iii) To employ agents and employees; <br />(iv) To acquire, construct, manage, maintain, or operate water systems, facilities, works, <br />or improvements, or any interest therein; <br />(v) To acquire, hold, lease (as lessor or lessee), sell, or otherwise dispose of any real or <br />personal property utilized only for the purposes of water treatment and distribution; <br />(vi} To condemn property for use as rights-of-way only if such property is not owned by <br />any public utility and devoted to such public use_pursuant to state authority; <br />(vii) To incur debts, liabilities, or obligations; <br />(viii) To sue and be sued in its own name; <br />(ix) To have and use a corporate sea1; <br />(x) To fix, maintain, and revise fees, rates, and charges for functions, services, or <br />facilities provided by the Authority; <br />(xi) To adopt, by resolution, regulations respecting the exercise of its powers and the <br />carrying out of its purpose; <br />(xii) To exercise any other _powers which are essential to the provision of functions,. <br />services, or facilities by the Authority and which are specified in this Agreement; <br />(xiii) To do and perform any acts and things authorized by the IGA Act under, through, <br />or by means of an agent or by contracts with any person, firm, or corporation; <br />(xiv) To permit other municipalities, special districts, or _political subdivisions of this <br />sta.te that are authorized to supply water to enter this Agreement , subject to the approval of the <br />-4- <br />