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Section 4.6. Indemnification. The Authority shall defend, indemnify and save harmless each <br /> Member Jurisdiction and its respective councilmembers, officers, agents and employees, from all <br /> claims, losses, damages, costs, injury and liability of every kind, nature and description directly <br /> or indirectly arising from the Authority's performance of its powers, duties and responsibilities <br /> under this Agreement. <br /> Section 4.7. Insurance. The Authority shall acquire and keep in force such insurance policies <br /> with coverage and limits sufficient to protect the Authority and its Member Jurisdictions for <br /> claims for damages arising from the activities of the Authority, its Board of Directors, officers <br /> and employees. It is the intent of this Section that the policies of insurance described herein <br /> include coverage for automobile liability, comprehensive general liability, public officials errors <br /> and omissions, workers' compensation and such excess liability and other peril:; as the Board of <br /> Directors shall from time to time direct, and that the coverage limits of these policies be <br /> maintained at levels as the Board of Directors shall from time to time direct. Each Member <br /> Jurisdiction shall be named an "additional insured" on the liability coverages or shall receive <br /> equivalent treatment or status under the Authority's insurance program. <br /> ARTICLE V: CHANGES TO MEMBERSHIP AND FORM <br /> Section 5.1. Termination and Dissolution. This Agreement shall be deemed terminated and the <br /> Authority shall be dissolved when only one Member Jurisdiction continues to participate or <br /> when all Member Jurisdictions choose to terminate it. If Authority has, as pernritted by sub- <br /> section 2.1(b), executed a long-term contract for public transportation services which cannot be <br /> canceled or divided except for cause and which includes a commitment to claim and expend <br /> financial assistance for the period of such contract, then Authority may not be dissolved during <br /> the term of such contract unless reasonable alternate terms can be negotiated with the other party <br /> to the long-term contract. <br /> Section 5.2. New Members. Upon the unanimous consent of the Member Jurisdictions, as <br /> evidenced by resolutions adopted by each Member Jurisdiction amending the Agreement and <br /> designating a revised Service Area, any public entity shall be admitted to Authority as a voting <br /> Member Jurisdiction, provided that new Members shall first execute a copy of this Joint Exercise <br /> of Powers Agreement and agree to be bound by their terms and the terms of any other <br /> agreements to which Authority is party. <br /> Section 5.3. Individual Member Withdrawal. A Member Jurisdiction may terminate its <br /> participation in and withdrawal from this Agreement and Authority at any time, provided that <br /> such Member shall give one year's prior written notice of such termination to Authority and <br /> other Member Jurisdictions. Notice of termination may be rescinded upon written notice to <br /> Authority any time before the effective date of termination, provided, however. that the Board <br /> must approve such rescission. <br /> (a) If Authority has, as permitted by sub-section 2.1(c), executed a long-term contract for <br /> public transportation services which is based on the assumption that the terminated <br /> Member Jurisdiction will claim and expend, on behalf of such service, public <br /> transportation financial assistance for which it is eligible, the terminated Member <br /> 7 - <br />