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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 /> <br />any bonds issued.by the Authority, whichever is later. <br /> SECTION 4. A~[~LQa~X <br /> <br /> A. Creation of Authority <br /> <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 /> <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 /> <br />California in the manner set forth in Section 6503.5 of the Act. <br /> B. Goremine Board <br /> <br /> The Authority shall be administered by the Board whose <br />members shall be, at all times, the Mayor ofthe City and the <br />members of the City Council; serving ex officio. The term of <br /> <br />sP2-t'7967.t 5 <br /> <br /> <br />