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TABLE OF CONTENTS <br />ARTICLE 1. AGREEMENT 2 <br />ARTICLE 2. DEFINITIONS 2 <br />ARTICLE 3. FORMATION OF ENTITY; PURPOSE AND POWERS 5 <br />Section 3.1 Formation 5 <br />Section 3.2 Membership 6 <br />Section 3.3 Purposes 6 <br />Section 3.4 Powers ............uw... » .......... .... ....... 7 <br />ARTICLE 4. ORGANIZATION STRUCTURE; BOARD 8 <br />Section 4.1 Composition, ByLaws and Meetings 8 <br />Section 4.2 Powers of the Board 9 <br />Section 4.3 Voting 9 <br />Section 4.4 Officers and Committees ...•.........•....••.•••.••••. »••••• 9 <br />Section 4.5 Executive Committee 9 <br />Section 4.6 Staff, Consultants and Contractors 10 <br />Section 4.7 Budget; Dues; Financial Management 10 <br />ARTICLE 5. ASSET DEVELOPMENT AND SUPPLY COMMITMENT 10 <br />Section 5.1 Property Acquisition, Ownership and Disposition 10 <br />Section 5.2 Supply Commitment 11 <br />Section 5.2.1 Commitment to Members 11 <br />Section 5.2.2 Additional Rules for Members Retaining Independent Supply 12 <br />Section 5.3 Financing of Assets 12 <br />Section 5.3.1 Issuance of Bonds 13 <br />Section 5.3.2 Pledge of Revenues 13 <br />Section 5.3.3 Continuing Disclosure 14 <br />Section 5.3.4 Preservation of Tax Exemption for Interest on the Bonds 14 <br />Section 5.3.5 Additional Certificates 14 <br />Section 5.4 Supply Expansions and System Extensions 14 <br />Section 5.5 Regional Capital Facilities Charges 15 <br />Section 5.6 Transfer Upon Mergers, Consolidations and Assumptions 16 <br />ARTICLE 6. NEW INDEPENDENT SUPPLY 16 <br />Joint Municipal Utility Services Agreement i March 28, 2012 <br />