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45 <br />XII. TRANSITIONAL AND MISCELLANEOUS MATTERS <br />Section 1. The activities of the Authority are to be confined to matters related to utilities as <br />defined in article IV, section 8, provided however, that the Authority may extend and broaden its <br />activities to any other public utility as defined in this Agreement by a 75% majority vote of all the <br />votes of the Board of Directors, taken at a regular meeting of the Board. In the event the activities of <br />the Authority are so extended and broadened, the Authority and its Board of Directors have all of <br />the powers and duties with reference to any other public utility that they have with reference to <br />article IV, section 8 utilities under this Agreement. <br />Section 2. The name of the organization created by this Agreement may be changed when <br />deemed appropriate by the Board, but only upon a 75% majority vote of all the votes of the Board <br />of Directors taken at a regular meeting of the Board or by written action. If the name of the <br />organization is so changed, the Board must provide in its by-laws for necessary measures to effect <br />the change in official and unofficial documents, papers, and other essential respects. <br />Section 3. It is the intention of the parties to this Agreement that the organization created <br />hereby is the successor to the Suburban Rate Authority in existence on the day prior to the effective <br />date of this Agreement. It is further the intention of the parties that any funds made available to the <br />organization created by this Agreement from assets of the prior Suburban Rate Authority must be <br />used exclusively for the purposes of this Agreement. The adopted budget of the prior Suburban Rate <br />Authority remains in effect until revised and until the new annual budget is adopted. The adoption <br />of this Agreement does not affect or modify the obligation of members of the prior Suburban Rate <br />Authority to make contributions authorized by the prior Suburban Rate Authority. <br />IN WITNESS WHEREOF, the undersigned governmental unit has caused this Agreement <br />to be executed by its duly authorized officers and delivered on its behalf. <br />10 <br />1099000 SU160-3 <br />