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exercising such power as are imposed upon the City in the <br />exercise of similar powers, as provided in Section 6509 of the <br />Act. <br /> <br /> Notwithstanding the foregoing, the Authority shall have <br />any additional powers conferred under the Act or under applicable <br />law, insofar as such additional powers may be necessar~ to <br /> <br />accomplish the purposes set forth in Section 2 hereof. <br /> SECTION 6. TERMINATION OF POWERS <br /> <br /> Subject to the provisions of Section 16, the Authority <br />shall continue to exercise the powers herein conferred upon it <br />until the termination of this Agreement or until the City and the <br /> <br />Housing Authority shall have mutually rescinded this Agreement. <br /> SECTION 7. FISCAL YEAR <br /> <br /> Unless and until changed by resolution of the Board, <br />the fiscal year of the Authority shall be the period from July 1 <br />of each year to and including the following June 30, except for <br />the firs= fiscal year which shall be the period from the date of <br />this Agreement to June 30, 1994. <br /> <br /> SEelION 8. DISPOSITION OF ASSETS <br /> <br /> At the end of the term hereof or upon the earlier <br />termination of this Agreement as set forth in Section 6 hereof, <br />all assets of the Authority shall be distributed to the City, <br />subject to Section 9 hereof. <br /> <br />SECTION 9. CONTRIBUTIONS AND ADVANCES <br />Contributions or advances of public funds and of <br />personnel, equipment or property may be made to the Authority by <br />the City and the Housing Authority for any of the purposes of <br /> <br />sm-m~7.t 10 <br /> <br /> <br />