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<br />
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />
<br />,
<br />'.,
<br />
<br />b.
<br />
<br />To acquire, hold, lease (as lessor or lessee),
<br />sell or otherwise dispose of any legal or
<br />equitable interest in real or personal property,
<br />including water rights, utilized for the purposes
<br />of raw water diversion, storage transmission and
<br />treatment, storage and distribution of treated
<br />water.
<br />
<br />c.
<br />
<br />To conduct its business and affairs for the
<br />benefit of the inhabitants of the Contracting
<br />Parties hereto, and others, in the discretion of
<br />the Authority's Board of Directors.
<br />
<br />d.
<br />
<br />To enter into, make and perform contracts of
<br />every kind with other local governmental en-
<br />tities, the State of Colorado, or any political
<br />subdivision thereof, the United States, or any
<br />political subdivision thereof, and any in-
<br />dividual, firm, association, partnership, cor-
<br />poration or any other organization of any kind.
<br />
<br />To employ agents, including but not limited to,
<br />engineers, attorneys, architects and consultants,
<br />and employees.
<br />
<br />e.
<br />
<br />f.
<br />
<br />To incur debts, liabilities or obligations to the
<br />extent and in the manner permitted by law, and
<br />borrow money and, from time to time, to make,
<br />accept, endorse, execute and deliver bonds, notes
<br />and other obligations of the Authority for monies
<br />borr~wed; or in payment for property acquired, or
<br />for any of the other purposes, services or func-
<br />tions of the Authority, as provided by law; and
<br />to the extent permitted by law, to secure the
<br />payment of any such obligations by mortgage,
<br />pledge, deed, indenture, agreement or other
<br />collateral instrument, or by other lien upon or
<br />assignment of all or any part of the properties,
<br />rights, assets, contracts, easements, revenues
<br />and privileges of the Authority; provided, how-
<br />ever, in no event shall the Authority be auth-
<br />orized to encumber any leasehold interest in
<br />water rights assigned or leased to the Authority
<br />b" a Contracting Party, unless authorized by the
<br />Contracting Party in its service agreement with
<br />the Authority, after obtaining consent, if re-
<br />quired, of Contracting Party's lessor. .
<br />
<br />g
<br />
<br />To own, operate and maintain real and personal
<br />property and facilities in common with others,
<br />and to conduct joint, partnership, cooperative or
<br />other operations with others, and to exercise all
<br />powers granted herein in joint, partnership or
<br />cooperative efforts and operations with others.
<br />
<br />h.
<br />
<br />To condemn property for public use, provided such
<br />property is not owned by any public utility and
<br />devoted to public use pursuant to State authority.
<br />
<br />To operate and administer plans for augmentation
<br />of water rights, and keep appropriate records in
<br />connection therewith.
<br />
<br />i.
<br />
<br />
<br />sue, and to be sued, in its own name.
<br />
<br />have and use a corporate seal.
<br />
<br />3
<br />
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