HomeMy WebLinkAboutMC-536
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ORDINANCE NO. MC-536
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ORDINANCE OF THE CITY OF SAN BERNARDINO AMENDING ORDINANCE NO. 3815
3 RELATING TO THE FINANCING OF PROJECTS FOR THE ENCOURAGING OF INCREASED
EMPLOYMENT WITHIN THE CITY.
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THE MAYOR AND COMMON COUNCIL OF THE CITY SAN BERNARDINO DO ORDAIN AS
FOLLOWS:
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SECTION 1. Amendment. The first sentence of Section 15 of Ordinance
No. 3815 shall be amended to read as follows:
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In the discretion of the City, any Bonds issued under the
provisions of this Ordinance may be secured by indenture
provisions in the Resolution of Issuance by and between the City
and a corporate trustee or trustees, which may be any trust
company or bank having the powers of a trust company within or
outside of the State and the Resolution of Issuance may contain
such provisions which are customarily found in indentures,
including, without limitation, the provisions hereinafter set
forth.
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Section 2. Effective Date and Publication. Within fifteen (15) days
15 after its passage, the City Clerk shall cause this Ordinance to be published
16 at least once in a newspaper of general circulation published and circulated
17 in the City of San Bernardino. This Ordinance shall take effect thirty (30)
III days following the date of adoption hereof.
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I HEREBY CERTIFY that the foregoing Ordinance was duly adopted by the
20 Mayor and Common Council of the City of San Bernardino at a regular meeting
thereof, held on the 18th day of August
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, 1986, by the following vote,
to wit:
AYES:
Council Members Estrada, Reilly, Hernandez, Marks,
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Quiel, Frazier, Strickler
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NAYS:
None
ABSENT:
None
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KC-536
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ABSTAIN:
None
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fi The foregoing Ordinance is
of August , 1986.
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8 'Approved as to form:
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/ City Clerk
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Mayor of the City,
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