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<br />CENTENNIAL FIRE DISTRICT <br />JOINT POWERS AGREEMENT <br /> <br />(g) To recommend disposal of capital equipment as here in after defined, and <br />land. <br /> <br />(h) To sell or lease any of its equipment other than capital equipment as may <br />be deemed expedient. <br />(i) To establish a yearly budget for fire protection services pertaining to the <br />District, which budget shall require approval by the City Councils for each <br />of the member municipalities, per Section VITI of this Agreement. <br /> <br />G) To act as agent for receipt, custody and disbursement of funds, gifts or <br />other funds paid or given by the contracting municipalities in behalf of or <br />for the use of the District. <br /> <br />(k) To act as paying agent for any bonds, contracts of indebtedness and loans <br />made in the names of the contracting municipalities for the benefit of the <br />District, and to act a custodian of sinking funds created for or required by <br />such indebtedness. <br /> <br />(1) To cause an annual audit to be made of all its accounts, books, vouchers <br />and funds. <br /> <br />(m) To promulgate, establish and adopt suitable bylaws governing operations <br />of the committee; said bylaws should be filed with the councils bf the <br />member cities and should be effective upon acceptance of each member <br />municipality of this Agreement. If a municipality does not respond within <br />45 days from the date the bylaws were delivered to the municipality, the <br />bylaws shall be deemed approved. <br /> <br />(n) To continue a fire fighter relief association for the benefit of members of <br />the fire department and to make such contribution to the fire department <br />and to make such contribution to the fund of the firefighters relief <br />association as are budgeted by the committee and unanimously approved <br />by the city councils of the member municipalities. <br /> <br />4.2 Disbursements and Bonds. Except as designated in Section 2.3 all <br />disbursements of the District shall be approved by the Committee at a <br />regular or special meeting and be co signed by two of the officers <br />designated by the Committee. <br /> <br />Officers authorized to make disbursement shall be bonded in an amount to be determined <br />and approved by the Committee before entering into the performance of their duties. <br /> <br />Page # 5 <br />