HomeMy WebLinkAbout74-59 Bonds of the City Clerk, City Treasurer, and Director of FinanceORDINANCE NO.
1 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF COSTA MESA AMENDING SECTION 2-5 COSTA MESA
2 MUNICIPAL CODE RELATING TO THE BONDS OF THE
CITY CLERK, CITY TREASURER AND !DIRECTOR OF
3 FINANCE, AND ESTABLISHING THE METHOD OF DE-
TERMINING THE PRINCIPAL OF SAID BONDS.
4
5 THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY
6 ORDAIN AS FOLLOWS:
7 SECTION 1: The City Council of the City of Costa
8 Mesa hereby finds and declares that the principal bond amounts
9 set forth the Treasurer and the Director of Finance for the City
10 of Costa Mesa appear to be incorrect as stated. The City Council
11 further finds and declares that Section 36518 Government Code
12 provides that the principal amount of said bonds shall be an
13 amount recommended by the City Attorney and fixed from time to
14 time by the City Council by Resolution. The City Council further
15 finds and declares that said bond amount may be changed from
16 time to time during the terms of office of bonded parties. The
17 City Council further finds and declares that it is necessary
18 for the convenience of the Council that Section 2-5 Costa Mesa
19 Municipal Code be amended in certain aspects.
20 Accordingly, Section 2-5 Costa Mesa Municipal Code
21 is hereby amended to read as follows:
22 SECTION 2: "Section 2-5 Bonds of Clerk, Treasurer
23 and Director of Finance.
24 The City Clerk, the City Treasurer and the Dir -
25 ector of Finance shall severally execute bonds to the City for
26 the faithful performance of their official duties in amounts to
27 be established as follows:
28 (a) The City Clerk, minimum $5,000.00.
29 (b) The City Treasurer, minimum $100,000.00.
30 (c) The Director of Finance, minimum $100,000.00.
31 The principal amounts of the bonds as set out
32 heretofore are minimum amounts and may be increased from time to
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1 time by Resolution of the City Council to amounts as recommended
2 by the City Attorney."
3 SECTION 3: This ordinance shall take effect and be in
4 full force and effect thirty (30) days from and after its passage,
5 and before the expiration of fifteen (15) days after its passage,
6 shall be published once in the Orange Coast Daily Pilot, a news -
7 paper of general circulation printed and published in the City of
8 Costa Mesa, together with the names of the members of the City
9 Council voting for and against the same.
10 PASSED AND ADOPTED this lft. (, day of )t.0-ZcA pw_J,t.[JL ) ,
11 1974.
12
13
yor of the City of Costa Mesa
14 ATTEST:
15
16 ,o4�14
City Clerk of the City of
17 Costa Mesa
18
STATE OF CALIFORNIA )
19 COUNTY OF ORAIIGE ) s s .
CITY OF COSTA MESA )
20
I, EILEEN P. PHINNEY, City Clerk and ex -officio Clerk
21 of the City Council of the City of Costa Mesa, hereby certify
22 that the above and foregoing Ordinance No. 7f/-5-? was introduced
and considered section by section at a regular meeting of said
23 City Council held on the Sz& day of ') „ 111974 and
thereafter passed and adopted as a whole at a regular meeting of
said City Council held on the � day of 1974
24 by the following roll call vote:
25 AYES: COUNCIL MEMBERS:
26
NOES: COUNCIL MEMBERS:
27 ABSENT: COUNCIL MEMBERS:
28
IN WITNESS WHEREOF, I have hereby set my hand and
29 affixed the Seal of the City of Costa Mesa this A day of
30 1974.
31
32
C' y Clerk and ex -officio rk
of the City Council of th City
of Costa Mesa
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