(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.

(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;

(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.

(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

(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

(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.