SECTION 201 Forms Generally................................................13 SECTION 202. Form of Face of Security.......................................13
Section 204 Issuance of the Preferred Securities..................................................11
Section 205 Issuance of the Common Securities; Subscription and Purchase of Debentures............................................................................11
Section 206 Declaration of Trust..................................................................11 Section 207. Authorization to Enter into Certain Transactions......................................12
Section 2.1 11 It is agreed that the customary and usual rights, powers, functions, and authority of management are 12 vested in management officials of the District. Included in these rights in accordance with and subject 13 to applicable laws, regulations, and the provisions of this Agreement, is the right to direct the work 14 force, the right to hire, promote, retain, transfer, and assign employees in positions; the right to 15 suspend, discharge, demote, or take other disciplinary action against employees; and the right to 16 release employees from duties because of lack of work or for other legitimate reasons. The District 17 shall retain the right to maintain efficiency of the District operation by determining the methods, the 18 means and the personnel by which operations undertaken by the employees in the unit are to be 19 conducted.