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in connection with any Bonds to the extent that such trustee or <br /> other fiduciary provides regular reports covering such amounts) . <br /> (7) The Board shall have the power to appoint <br /> such other officers and employees as it may deem necessary and to <br /> retain independent counsel, consultants and accountants. <br /> SECTION 5. POWERS <br /> The Authority shall have the power to purchase, with <br /> the amounts received or to be received by it pursuant to a Bond <br /> Purchase Agreement, bonds issued by the Housing Authority under <br /> the Law or bonds issued by the City at public or negotiated sale, <br /> for the purposes set forth in Section 2 hereof, all in accordance <br /> with the Act. Any such bonds so purchased may be held by the <br /> Authority or sold to public or private purchasers at public or <br /> negotiated sale, in whole or in part. The Authority shall set <br /> any other terms and conditions on any purchase or sale of bonds <br /> contemplated herein as it deems to be necessary, appropriate and <br /> in the public interest, in furtherance of the Act. <br /> The Authority shall have the power, in its own name, to <br /> buy, sell or lease property and to issue, sell and deliver Bonds <br /> for any purpose authorized under the Act. <br /> The Authority is authorized, in its own name, to do all <br /> acts necessary for the exercise of said powers for said purposes, <br /> including but not limited to any or all of the following: to <br /> make and enter into contracts; to employ agents and employees; <br /> and to sue and be sued in its own name. <br /> Except as otherwise provided herein, such power shall <br /> be exercised subject only to such restrictions upon the manner of <br /> SP2-17967.1 9 <br />