§ 17B-2a-607. Contracts with other corporations.

(1) A metropolitan water district may: (a) contract with one or more corporations, public or private, for the purpose of: (i) financing acquisitions, constructions, or operations of the district; or (ii) carrying out any of the district's powers; (b) in a contract under Subsection (1)(a), obligate itself severally or jointly with the other corporation or corporations; and (c) secure, guarantee, or become surety for the payment of an indebtedness or the performance of a contract or other obligation incurred or entered into by a corporation whose shares of stock the district has acquired. (2) A contract under Subsection (1)(a) may: (a) provide for: (i) contributions to be made by each contracting party; (ii) the division and apportionment of: (A) the expenses of acquisitions and operations; and (B) the contractual benefits, services, and products; and (iii) an agency to make acquisitions and carry on operations under the contract; and (b) contain covenants and agreements as necessary or convenient to accomplish the purposes of the contract.