RES 18-992 - Laserfiche WebLink

located,including property subject to mortgage,' • (5) incurring debts,liabilities or obligations, (6) receiving gifts, contributions and donations of property, funds, services and any other forms of assistance from persons, firms, corporations or governmental entities, . . (7) suing and being sued in its own name, and litigating or settling any suits or • claims, (8) doing any-and all things necessary or convenient to the -exercise of its specific powers and to accomplishing its purpose (9) establishing and/or administering districts to finance and refinance the acquisition, installation and improvement of energy efficiency, water conservation and renewable energy improvements to-or on real property • and in buildings. The Authority may-enter into one or more agreements, - including without limitation, participation agreements and implementation agreements to implement such programs. e. Subject to theapplicable provisions of any indenture or resolution providing for the investment of monies held thereunder,the.Authority shall have the power.,to invest any of its funds as the Board deems advisable,in the same manner and upon the same conditions as local agencies pursuant to Section 53601 of the Government Code of the State of California. - f. All property, equipment, supplies, funds and records of the Authority shall be owned by the Authority, except as may be provided otherwise herein or by resolution of the Board. g. Pursuant to the provisions of Section 6508.1 of the Act, the debts, liabilities and obligations of the Authority shall not be debts, liabilities and obligations of the Members or Associate Members. Any Bonds, together with any interest and premium thereon, shall not constitute debts, liabilities or obligations.-of any Member. The Members or Associate'Members hereby agree that any such Bonds issued by the Authority shall not constitute general obligations of the Authority but shall be payable solely from the moneys pledged-to the repayment of principal or interest.on such Bonds under the terms of the resolution, indenture, trust, agreement or other instrument pursuant to which such Bonds are issued. Neither the Members or Associate - - Members nor the Authority shall be obligated to .pay the principal of or premium, if any, or interest on the Bonds, or other.costs incidental thereto, except from the revenues and funds pledged therefor, and neither the,faith and credit nor the, taxing power of the Members or Associate Members or the Authority shall be pledged to the payment of the principal of or premium, if any, or interest on the Bonds, nor shall the Members or Associate Members of the • Authority be obligated in any manner to make any appropriation for such payment. No covenant or agreement contained in any Bond shall be deemed to be a covenant or agreement of'any - Delegate, or any officer, agent or employee of the Authority in an individual'capacity, and neither • the Board_nor any officer thereof executing the Bonds-or any documentrelated thereto shall be - liable personally on any Bond-or be subject to any personal liability or accountability by reason of the issuance of any Bonds. WHEREAS, the City will not be responsible for the conduct of any special tax proceedings; the levy and collection of special taxes or any required remedial action in the case of delinquencies in the payment of any special taxes in connection with the District.