17B-2a-607. Contracts with other corporations.
(1) A metropolitan water district may: contract with one or more corporations, public or private, for the purpose of: financing acquisitions, constructions, or operations of the district; or carrying out any of the district's powers; in a contract under Subsection, obligate itself severally or jointly with the other corporation or corporations; and (1)(a) 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 Subsectionmay: (1)(a) provide for: contributions to be made by each contracting party; the division and apportionment of: the expenses of acquisitions and operations; and the contractual benefits, services, and products; and an agency to make acquisitions and carry on operations under the contract; and contain covenants and agreements as necessary or convenient to accomplish the purposes of the contract.