Common use of Powers and Functions of Authority Clause in Contracts

Powers and Functions of Authority. The Authority shall have the non- exclusive common power of the Members to plan, establish, manage, and evaluate passenger bus service and other regional transit and transportation improvements and services within and among their respective jurisdictions and Yosemite National Park, as well as the power to carry out all other activities necessary or supplemental to the provision of passenger bus service and other regional transit and transportation improvements and services for the benefit of the general public. In the exercise of that power, the Authority is authorized in its own name to: a. Contract for administrative services, including and Executive Director, Treasurer, Controller and Auditor; b. Employ an Executive Director as the chief administrative officer of the Authority; c. Employ agents and employees and contract for professional services; d. Make and enter into contracts including cooperative agreements; e. ▇▇▇▇▇▇▇, hold and convey real and personal property; f. Incur debts, obligations and liabilities; g. Accept contributions, grants or loans from any public or private agency or individual, or the United States, the State of California, or any department, instrumentality, or agency thereof, for the purpose of financing its activities; h. Invest money that is not needed for immediate necessities as the Board deems advisable, in the same manner and upon the same conditions as other local entities in accordance with section 53601 of the California Government Code; i. Have appointed members and Ex-Officio members of the Board serve without compensation from the Authority, except that members of the Board may be reimbursed for all reasonable expenses and costs related to attendance of Board meetings or other authorized Authority business; j. Do all other acts reasonable and necessary to carry out the purposes of the Members of the Authority; k. ▇▇▇ and be sued, in its name only, but not in the name or stead of any Party; and l. To exercise any and all powers as may be provided for in the Act.