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• <br /> d. Exercise of Legal Authority. The governing body of the water activity enterprise shall <br /> exercise the District's legal authority relating to water activities but shall not levy a tax <br /> subject to Colo. Const. Art. X, Sec. 20(4). <br /> e. State And Local Grant Limitation. The Water Activity Enterprise shall not receive more <br /> than ten percent of its annual revenues <br /> f Authority to Issue Revenue Bonds. The water activity enterprise, through its governing <br /> body, may issue or reissue revenue bonds in accordance with and through the provisions of <br /> C.R.S. §37-45.1-104(2) <br /> g. Power to Contract. The water activity enterprise shall have all the power to contract set <br /> forth in C.R.S. §37-45.1-106 including, but not limited to, the power to contract with the <br /> Colorado Water Conservation Board or any other governmental source of funding for loans <br /> and grants related to water activity enterprise functions and to contract with the Colorado <br /> Water Resources and Power Development Authority for loans or other available financial <br /> assistance related to water activity enterprise functions. <br /> h. Conflicts. All ordinances or parts of ordinances in conflict with this ordinance are hereby <br /> repealed or amended to the extent necessary to conform with this ordinance. <br /> Severability. If any section, sentence, clause or phrase of this ordinance is for any reason <br /> held to be invalid or unconstitutional by a decision of any Court, such decision shall not <br /> affect the validity of the remaining portions of this ordinance. <br /> j. Emergency Clause. The Board of Trustees of the town of Fowler, Colorado, hereby finds, <br /> determines, and declares that this action is necessary for the preservation and protection of <br /> the public health, safety, and general welfare and shall become effective immediately upon <br /> publication thereof <br /> PASSED,ADOPTED and ordered published the 14th day of October, 2013. <br /> TOWN OF FOWLE ' <br /> ArAD '1 this 14th da, • r October, 2013. <br /> arr <br /> B Patrick Christ risen, Jr. <br /> Mayor <br /> ATTEST: <br /> Al <br /> Lori Kretz <br /> Town Clerk <br />