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Ordinance No . 3821
~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 Cade Section 2-1&& is amended to`
read as follows:
~~ 3ec#iun ~-166. Investment Authority. 1
(a } Delegation.
The County Treasurer is hereby delegated the authority for
Fiscal Year 2002-2003 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
Title 5. The County Treasurer shall assume full
responsibility for those transactions until this delegation
of authority is revoked by ordinance or expires at the end
of_ the 2002-2003 fiscal year."
Section 2. Severabilit i
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 or application thereof.
Section 3. Effective Date and Publication. This Ordinance shall take
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effect on July J., 2002. The Clerk of the Board of Supervisors is
authorized and directed to publish this ordinance before the
expiration of fifteen (1S} 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 Enterprise-Record
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 11th day of ,Tune
2002, by the following vote:
AYES: Supervisors Beeler, Dolan, Hour, Yamaguchi and Chair Josiassen
NOES : None
ABSENT : None
NOT VOTING : None
'ATTEST:
CURT JOSIASSEN, Chair of the
B of Supervisors of the
County of Butte
Paul E. McIntosh
Officer and Cler of the Board
(or~inance\2.166aa1
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