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however, that in no event shall this Agreement terminate while <br /> any notes or bonds of the Authority remain outstanding under the <br /> terms of the trust agreement or other instrument pursuant to <br /> which such bonds are issued. In any event, the Authority shall <br /> cause all records regarding its formation, existence, any notes <br /> or bonds purchased, sold or issued by it and proceedings <br /> pertaining to its termination to be retained for at least six <br /> years following termination of the Authority or final payment of <br /> any bonds issued by the Authority, whichever is later. <br /> SECTION 4. AUTHORITY <br /> A. Creation of Authority <br /> There is hereby created pursuant to the Act an agency <br /> and public entity to be known as the "Pleasanton Joint Powers <br /> Financing Authority. " As provided in the Act, the Authority <br /> shall be a public entity separate from the City and the Housing <br /> Authority. The debts, liabilities and obligations of the <br /> Authority shall not constitute debts, liabilities or obligations <br /> of the City or the Housing Authority. <br /> Within 30 days after the effective date of this <br /> Agreement or any amendment hereto, the Authority will cause a <br /> notice of this Agreement or amendment to be prepared and filed <br /> with the office of the Secretary of State of the State of <br /> California in the manner set forth in Section 6503.5 of the Act. <br /> B. Governing Board <br /> The Authority shall be administered by the Board whose <br /> members shall be, at all times, the Mayor of the City and the <br /> members of the City Council; serving ex officio. The term of <br /> S172-17967.1 �i <br />