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This Contract shall continue in force and effect until terminated by the w~itten document of all of the Contracting Parties, authorized by the formal action of their governing bodies; provided, nowever, that this Contract may not in any event be terminated or rescinded so long as the Authority has obligations outstanding unless provision for full payment of such obligation has been made pursuant to the terms of such obligation. SECTION 5. Distribution on Termination: In the event of the rescission or termination of this agreement and the dissolution of the authority, all of assets of the authority shall imme- diately vest in the contracting parties. SECTION 6. Powers of the Authority. The general powers of the Authority shall include all powers granted by Colorado Revised Statutes, as amended, and shall include, but not exclusively the following powers: 6.1 .To conduct weather modification programs and operations. 6.2 To mak.e and enter into contracts of every kind with the United States, State of Colorado or political subdivisions thereof and any individual, firm or association, partnership, corporation, or any other organization of any kind to carry out the powers of the Authority. 6.3 To employ agents and employees. 6.4 To acquire, construct, manage, maintain and operate the necessary facilities for weather modification programs and operations. 6.5 To acquire, hold, lease, sell or otherwise dispose of any personal property utilized for weather modification purposes. 6.6 To incur debts, liabilities or obligations or to borrow money and from time to time to make, accept, endorse, execute and deliver obligations of the Authority for monies borrowed or in payment for property acquired or for any of the purposes of the Authority; and to secure the payment of any such obliga- tions by mortgage, pledge, agreement or other security instrument. 6.7 To sue and be sued in its own name 6.8 To accept gifts, grants and contributions. 3