HomeMy WebLinkAbout4005Ordinance No . 4005
AN ORDINANCE AMENDING BUTTE COUNTY CODE SECTION 2-266 DELEGATING
INVESTMENT AUTHORITY TO THE BUTTE COUNTY TREASURER/TAX COLLECTOR
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The Board of Supervisors of the County of Butte ordains as
I follows
Section 1. Section 2-1&6 of Article XX of Chapter 2 of the $utte
County Code is amended to read as follows:
2-166 Investment authority.
The County Treasurer is hereby delegated the authority for
fiscal year 2009-20.0 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 of the Government Code. 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 2009-20.0 fiscal year.
Section 2. Severabilit .
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 sha11 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 (15) 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 Chica Enterprise-Record, a newspaper of general circulation,
published in the County of Butte, State of California.
PASSED AND ADOPTED by the Boards of Supervisors of the County of
Butte, State of California, on the 1 9 day of /~, 2009, by the
following vote:
AYES: Supervi.sars Dolan, Kirk, Lambert, Xamaguchi, and Cha3.r Connelly
None
NaES:
ABSENT: None
NOT VOTING: None
ATTEST;
Gzeg Iturria
Inters h'
and er /ofG
I BY.
G:\ORDLI~ANC£\2-166 2009-30,wpd
his rative o i
a d /
`~
BILL CONNELLY, Chaa.r of the
Butte County Board of Supervisors
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