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such purposes. The Agency may accept instruments of security, collateral or other <br />property interests to secure loans made in the course of business. The Agency may <br />sell or convey such security interests as necessary to finance or continue its activities. <br />b. To exercise the powers conferred upon it by the JPA Law and this <br />Agreement, necessary to the accomplishment of the purposes of this Agreement. <br />C. To participate in financing or re -financing of the Facilities and <br />Program in accordance with any terms and conditions imposed by the JPA Law and <br />applicable law. <br />its powers. <br />d. To make and enter into contracts necessary to the full exercise of <br />e. To contract for the services of engineers, attorneys, architects <br />planners, and financial consultants, and to employ such other persons as it deems <br />necessary. <br />Facilities. <br />To acquire, construct, manage, maintain, operate and replace any <br />g. To acquire, by the power of eminent domain or otherwise, and to <br />hold and dispose of real and personal property necessary to the full exercise of its <br />powers unless such power is otherwise restricted by the provisions of the applicable <br />Redevelopment Plan. <br />h. To incur debts, liabilities and/or obligations subject to limitations <br />Joint Exercise of Powers Agreement Page 5 of 20 <br />J:\WPD\CSL\l 36)AGREE\JOINTP W P-CLN <br />