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<br />1 board's meetings; <br />2 (3) coordinating with state, federal and local agencies; <br />3 (4) developing plans and programs for the board's approval; <br />4 (5) formulating a budget for the authority's fiscal year, as <br />5 hereinafter provided, subject to the approval of both the board and <br />6 the city council of the City of La Porte; <br />7 (6) hiring, supervising, training and discharg ing the author- <br />8 ity's employees; <br />9 (7) contracting for or retaining technical, scientific, legal, <br />10 fiscal and other professional services; and <br />11 (8) performing any other duties assigned to him by the board. <br />12 C. The general manager and each employee of the authority <br />13 charged with the collection, custody or payment of any money of the <br />14 authori ty shall execute a fidel i ty bond, approved by the board of <br />15 directors as to form, amount and surety. The authority shall pay <br />16 the premiums on the general manager's and the employees' bonds under <br />17 this section. <br />18 D. Pursuant to the provisions of the Interlocal Cooperation <br />19 Act, Article 4413(32c), Vernon's Texas Civil Statutes, as amended, <br />20 the authority shall offer to enter into an interlocal contract or <br />21 agreement with the Ci ty of La Porte for the performance of adminis- <br />22 trative functions, as defined therein. <br />23 Section 12. A. The authority is authorized to: <br />24 (1) reimburse the City of La Porte for all reasonable expenses <br />25 incurred in connection wi th the creation and establishment of the <br />26 authori ty, includ ing publication costs, legal fees and charges for <br />27 the services of other consultants and other incidental costs; <br /> <br />14 <br />