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(4) Minutes. <br /> The Secretary of the Authority shall cause to be kept minutes of the <br /> regular, adjourned regular, special, and adjourned special meetings of the <br /> Board and shall, as soon as possible after each meeting, cause a copy of <br /> the minutes to be forwarded to each Director. <br /> (5) Quorum. <br /> A majority of the Board shall constitute a quorum for the transaction <br /> of business. No action may be taken by the Board except upon the <br /> affirmative vote of a majority of the Directors constituting a quorum, except <br /> that less than a quorum may adjourn a meeting to another time and place. <br /> E. RULES AND REGULATIONS. <br /> The Authority may adopt, from time to time, by resolution of the Board such rules <br /> and regulations for the conduct of its meetings and affairs as may be required. <br /> Section 4. Powers. <br /> The Authority shall have the power, in its own name, to exercise the common powers of <br /> the Members and to exercise all additional powers given to a joint powers entity under any of the <br /> laws of the State of California, including, but not limited to, the Joint Exercise of Powers Act, for <br /> any purpose authorized under this Agreement. Such powers shall include the common powers <br /> specified in this Agreement and may be exercised in the manner and according to the method <br /> provided in this Agreement. The Authority is hereby authorized to do all acts necessary for the <br /> exercise of such power, including, but not limited to, any of all of the following: to make and enter <br /> into contracts; to employ agents and employees; to acquire, construct, provide for maintenance <br /> and operation of, or maintain and operate, any buildings, works or improvements; to acquire, hold <br /> or dispose of property wherever located; to incur debts, liabilities or obligations; to receive gifts, <br /> contributions and donations of property, funds, services, and other forms of assistance from <br /> person, firms, corporations and any governmental entity; to sue and be sued in its own name; to <br /> make grants, loans or provide other financial assistance to governmental and nonprofit <br /> organizations (e.g., the Members or the Foundation) to accomplish any of its purposes; and <br /> generally to do any and all things necessary or convenient to accomplish its purposes. <br /> Without limiting the generality of the foregoing, the Authority may issue or cause to be <br /> issued Bonds, and pledge any property or revenues as security to the extent permitted under the <br /> Joint Exercise of Powers Act, or any other applicable provision of law; provided, however, the <br /> Authority shall not issue Bonds with respect to any project located in the jurisdiction of one or <br /> more Members unless the governing body of any such Member, or its duly authorized <br /> representative, shall approve, conditionally or unconditionally, the project, including the issuance <br /> of Bonds therefor. Such approval may be evidenced by resolution, certificate, order, report or <br /> such other means of written approval of such project as may be selected by the Member (or its <br /> authorized representative) whose approval is required. No such approval shall be required in <br />d to make applications for the Programs available to all property owners who wish to <br />d the Authority will notify the City in advance of any additions or changes; <br /> and <br />