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agreement in connection therewith to hold, use and dispose of such money, other <br />property; and assistance in accordance with the terms of the gifts, grants, or loans relating <br />thereto. <br />E. Acquire and hold such real and personal property as may be required to accomplish the <br />purposes of this Agreement and, upon termination of this Agreement, make -distribution <br />of such property as is provided for in this Agreement. <br />F. Employ agents and employees, and to fix the compensation and all other terms and <br />conditions of employment thereof, <br />G. Incur debts, liabilities, or obligations which do not constitute a debt of any of the Parties. <br />The Joint Powers Board does not have authority to incur debts, liabilities, or obligations <br />which constitute a debt of any of the Parties. The obligations or other forms of <br />indebtedness must be issued in the same manner as would apply to one of the Financial <br />Parties. <br />H. Enter into agreements and non-binding memoranda of understanding between the <br />Commission and the United States government, the State of Minnes'o:'ta, or any person, <br />corporation, partnership, association, or agency public or private in accordance with <br />applicable law. <br />1. Sue and be sued in its own name. <br />All powers granted herein shall be exercised by the Commission in accordance with the legal <br />requirements applicable to the regional railroad authorities. <br />nt 5 CADocuments and Settii)gs\ciaig.daA,soii\]-ocaI Settings\'Felnporary Intornet Files\Coi)tcnt.OutlookUDZ5KGXY\1-94 JPA <br />3-3-09 Final with <br />Signature (2).doc <br />