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5.1.2.2. construct, operate, maintain,
finance, and improve, and to own, sell, convey, assign,
mortgage, or lease any real estate and any personal
property;
5.1.2.3. sell, dispose, trade, or
exchange Company assets in the ordinary course of the
Company’s business;
5.1.2.4. enter into agreements and
contract and to give receipts, releases and discharges;
5.1.2.5. purchase liability and other
insurance to protect the Company’s properties and
business;
5.1.2.6. borrow money for and on behalf
of the Company, and, in connection therewith, execute
and deliver instruments authorizing the confession of
judgment against the Company.
5.1.2.7. execute or modify leases with
respect to any part or all of the assets of the
Company;
5.1.2.8. prepay, in whole or in part,
refinance, amend, modify, or extend any mortgages or
deeds of trust which may affect any asset of the
Company and in connection therewith to execute for and
on behalf of the Company any extensions, renewals, or
modifications of such mortgages or deeds of trust;
5.1.2.9. execute any and all other
instruments and documents which may be necessary or in
the opinion of the General Manager desirable to carry
out the intent and purpose of this Agreement,
including, but not limited to, documents whose
operation and effect extend beyond the term of the
Company;
5.1.2.10. make any and all expenditures
which the General Manager, it its sole discretion,
deems necessary or appropriate in connection with the
management of the affairs of the Company and the
carrying out of its obligations and responsibilities
under this Agreement, including, without limitation,
all legal, accounting, and other related expenses
incurred in connection with the organization and
financing and operation of the Company;
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Last modified: March 27, 2008