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Ordinance No . _ ~~g
AN ORDINANCE AMENDING BUTTE COUNTY CODE SECTION 2-166 DELEGATING
'INVESTMENT AUTHORITY TO THE BUTTE COUNTY TREASURER/TAX COLLECTOR
The Board of Supervisors of the County of Butte ordains as
follows: Section 1. Butte County Code Section 2-166 is amended to
read as follows:
"Section 2-16.6. Investment Authority.
(a) Delegation.
The County Treasurer is hereby delegated the authority for
Fiscal Year 1998-99 to invest or reinvest the funds of the
County and the funds of other depositors in the County
treasury, pursuant to Chapter 4, (commencing with
Government Code Section 53600) of Part 1 of Division 2 of I
Title 5. The County Treasurer shall assume full
responsibility for those transactions until this delegation
of authority is revoked by ordinance ar expires at the end
of the 1995-99 fiscal year.,'
~es'tis~n- 2_ Severabilit~r.
If any provision of this Ordinance or the application thereof to
any person or circumstances is for any reason held to be invalid by
a court of competent jurisdiction, such provision shall be deemed
severable, and the invalidity thereof shall not affect the remaining
provisions or other applications of the Ordinance which can be given
effect without the invalid provision ar application thereof.
Section 3. This Ordinance shall take
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effect on July 1, 1998. The Clerk of the Board of Supervisors is
authorized and directed to publish this ordinance before the
expiration of fifteen (J.5? days after its passage. This Ordinance
shall be published once, with the names of the members of the Board
of Supervisors voting for and against it, in the Chico Enterprise a
newspaper of general circulation published in the County of Butte,
State of California.
PASSED AND ADOPTED by the Board of Supervisors of the County of
Butte, State of California, on the 26th day of May __ .
1998, by the fallowing vote:
AYES: Supervisors Beeler, Dolen,Houx, Josiassen and Chair Davis
NOES : Nane
ABSENT : bone
NOT VOTING : None.
ED DAVIS, Chair of the
Butte County Board of Supervisors
ATTEST:
JOHN S. BLACKLOCK
Officer and Clerk of the Board
B
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