HomeMy WebLinkAbout3985Ordinance No. 3985
AN ORDINANCE AMENDING BUTTE COUNTY CODE SECTION 2-166 DELEGATING
~INIVESTMENT AUTHORITY TO THE BUTTE COUNTY TREASURERjTAX COLLECTOR
The Board of Supervisors of the County of Butte ordains as
(follows:
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Section 1. Section 2-266 of Article XX of Chapter 2 of the Butte
County Code is amended to read as follows:
2-166 Investment authority.
The County Treasurer is hereby delegated the authority for
fiscal year 2008-2009 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 S of the Government Code. The County Treasurer shall
assume full responsibility for thane transactions until
this delegation of authority is revoked by ordinance or
expires at the end of the 2008-2009 fiscal year.
Section 2. Severability.
If any provision of this Ordinance or the application thereof to
any person or circumstances is far 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
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effect without the invalid provision or application thereof.
Section 3. Effective Date and Publication. This Ordinance shall take
effect thirty (30} days after the date of its passage. The Clerk of
the Board of Supervisors is authorized and directed to publish this
ordinance before the expiration of fifteen t15} 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-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
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Butte, State of California, on the __ day of ~ ~.~~...,_ ~ , 2008, by the
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following vote:
AYES:
NOES:
ABSENT:
NOT VOTING:
`r
,.CURT JOSZASSEN, Chair of the
Butte<'~County Board of Supervisors
ATTEST: '"
C. BRIAN ~iADDI~, ~ ~'"
Chief .~at~mir_istxati've; Officer
and Cierk o: the Board
By ._ ~ ~~ .
~ ~ ,~
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