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pursuant to the provisions of the Housing Authorities Law of the <br />State of California; <br /> <br /> WHEREAS, Article 4 of Chapter 5 of Division 7 of <br /> <br />Title 1 of the Government Code of the State of California (the <br />"Marks-Roos Local Bond Pooling Act of 1985") authorizes and <br />empowers the Authority to issue bonds and to purchase bonds <br />issued, or to make loans to, the Housing Authority or the City <br />for financing public capital improvements, working capital, <br />liability and other insurance needs, or projects whenever there <br />are significant public benefits, as determined by the City$ <br /> <br /> WHEREAS, the Marks-Roos Local Bond Pooling Act of 1985 <br />further authorizes and empowers the Authority to sell bonds so <br />issued or purchased to public or private purchasers at public or <br />negotiated sale; and <br /> <br /> WHEREAS, by this Agreement, the City and the Housing <br />Authority desire to create and establish the Pleasanton Joint <br />Powers Public Financing Authority for the purposes set forth <br />herein and to exercise the powers described herein; <br /> <br /> NOW, THEREFORE, the City and the Housing Authority, for <br />and in consideration of the mutual promises and agreements herein <br />contained, do agree as follows: <br /> <br /> SECTION 1. DEFINITIONS <br /> <br /> Unless the context otherwise requires, the terms <br />defined in this Section i shall for all purposes of this <br />Agreement have the meanings herein specified. <br /> <br />s~-zT~sv.z 2 <br /> <br /> <br />