(A) The Authority shall be a corporate public body, exercising public and essential governmental functions with all powers necessary and convenient to carry out the powers conferred upon it by Cal. Welfare and Institutions Code §§ 12300 et seq. and this article including the power to contract for services pursuant to Cal. Welfare and Institutions Code §§ 12302 and 12302.1, subject to any limitations set forth in this article.
(B) The Authority shall have the power, in its own name, to do any of the following:
(1) To contract for the services of planners, financial consultants, and other experts and, separate and apart therefrom, to employ such other persons as it deems necessary;
(2) To sue and be sued in its own name;
(3) To incur debts, liabilities or obligations subject to any limitations herein set forth;
(4) To apply for, accept and receive state, federal or local licenses, permits, grants loans or other aid from any agency of the United States of America or of the State of California necessary for the authority’s full exercise of its powers; and
(5) To perform all acts necessary and proper to carry out fully the purpose of this article and not inconsistent with Cal. Welfare and Institutions Code §§ 12300 et seq. or this article.
(1966 Code, § 5F-10) (Ord. 759, § 2)