Common use of Common Powers Clause in Contracts

Common Powers. BETARMA shall have the following common powers and is hereby authorized to perform all acts necessary for the exercise of said common powers: A. To make and enter into Risk Management services and consulting contracts for Members and non-Members, as well as contracts of insurance and self-insurance for its Members providing for risk pooling or sharing, whether or not subject to regulation under the Insurance Code, to the extent and in the manner permitted under Government Code Sections 990, 990.4, 990.8 and 6508, or any other provision of law; B. To hire employees and contract with consultants, independent contractors and legal counsel; C. To invest and reinvest money in the treasury of BETARMA pursuant to Government Code Sections 53601, et seq.; D. To incur debts, liabilities or obligations; E. To acquire, hold, lease or dispose of real or personal property; F. To sue and be sued in its own name; G. To establish and operate Group Self-Insurance Programs, insurance purchasing programs and/or joint purchasing programs designed to reduce the operating costs and/or improve patient safety for the Members; H. To purchase excess insurance and/or reinsurance on behalf of Members and/or BETARMA; and I. To exercise all powers necessary and proper to carry out the terms and provisions of this Agreement, or otherwise authorized by law.