HomeMy WebLinkAboutMC-936
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Effective: May 18, 1995
ORDINANCE NO.
MC-936
AN ORDINANCE OF THE CITY OF SAN BERNARDINO ADDING SECTION
5.04.026 TO THE SAN BERNARDINO MUNICIPAL CODE RELATING TO
TRANSFERS OF STOCK OR PARTNERSHIP INTERESTS FOR THE PURPOSES OF
TRANSFERS OF BUSINESS REGISTRATION CERTIFICATES.
THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO
DO ORDAIN AS FOLLOWS:
SECTION 1.
Section 5.04.026 is hereby added to the San
Bernardino Municipal Code to read as follows:
"5.04.026
interest.
Transfers of stock or partnership
( a) Any business registration certificate or any
permit issued or granted pursuant to this title is a
privilege to be held by the original permittee or
certificate holder thereof. It cannot be sold,
transferred, assigned or disposed of, in whole or in
part, or by voluntary sale, merger, consolidation or
otherwise.
(b) In the event a permittee or certificate
holder is a corporation, a new permit or certificate
shall be required when there is an actual change in
control or when ownership of more than fifty percent
(50%) of the voting stock of the permittee or
certificate holder is acquired by a person or group of
persons acting in concert, none of whom already own
fifty percent (50%) or more of the voting stock,
singly or collectively.
(c) In the event a permittee or certificate
holder is a partnership, a new permit or certificate
shall be required when there is an actual change in
control or when ownership of fifty percent (50%) or
more of the capital or profits of the permittee or
certificate holder is acquired by a person or group of
persons acting in concert, none of whom already own
fifty percent (50%) or more of such capital or
profits, singly or collectively."
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DAB/js [Transfer.Ord]
1
March 23, 1995
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L
MC-936
AN ORDINANCE ADDING SECTION 5.04.026 TO THE SAN BERNARDINO
MUNICIPAL CODE RELATING TO TRANSFERS OF STOCK OR PARTNERSHIP
INTERESTS FOR THE PURPOSES OF TRANSFERS OF BUSINESS REGISTRATION
CERTIFICATES.
I HEREBY CERTIFY that the foregoing Ordinance was duly
adopted by the Mayor and Common Council of the City of San
Bernardino at a
regular
17th
meeting thereof, held on the
day of
April
, 1995, by the following vote, to wit:
Council Members: AYES NAYS ABSTAIN ABSENT
X
NEGRETE
X
CURLIN
X
HERNANDEZ
X
OBERHELMAN
X
DEVLIN
X
POPE-LUDLAM
MILLER X
(),-vehL ~k-
~lerk
The foregoing Ordinance is hereby approved this ~day
of April
, 1995.
~~7!t~~t~
To Minor, Mayor
City of San Bernardino
Approved as to form
and legal content:
JAMES F. PENMAN,
City Attorney
!k~J.i~
By:
DAB/js [Transfer.Ord]
2
February 13. 1995