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SANTA ANA PUBLIC FINANCING AUTHORITY
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Last modified
6/5/2024 10:35:32 AM
Creation date
6/5/2024 10:35:31 AM
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Contracts
Company Name
SANTA ANA PUBLIC FINANCING AUTHORITY
Contract #
A-2024-059
Agency
Finance & Management Services
Council Approval Date
5/7/2024
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Section 4.02. Subordinate Officers. The Board may elect or authorize the appointment of <br /> such other officers than those herein above mentioned as the business of the Authority may require, <br /> each of whom shall hold office for such period,have such authority and perform such duties as are <br /> provided in this Agreement, or as the Board, from time to time, may authorize or determine. <br /> Section 4.03. Removal of Officers. Any officer may be removed, either with or without <br /> cause, by a majority of the members of the Board at any regular or special meeting of the Board. <br /> Should a vacancy occur in any office as a result of death,resignation,removal, disqualification or <br /> any other cause, the Board may delegate the powers and duties of such office to any officers or to <br /> any members of the Board until such time as a successor for said office has been appointed. <br /> Section 4.04. Chairman. The Chairman shall be the chief executive officer of the <br /> Authority and shall, subject to the control of the Board, have general supervision, direction and <br /> control of the business and officers of the Authority. He or she shall be ex officio member of all <br /> standing committees,and shall have the general powers and duties of management of the Authority <br /> and shall have such other powers and duties as may be prescribed by the Board or this Agreement. <br /> The Chairman shall preside at all meetings of the Board. <br /> Section 4.05. Vice Chairman. In the absence or disability of the Chairman, the Vice <br /> Chairman shall perform all the duties of the Chairman and when so acting shall have all the powers <br /> of and be subject to all of the restrictions upon the Chairman. The Vice Chairman shall have such <br /> other powers and perform such other duties as may, from time to time, be prescribed for him or <br /> her by the Board or this Agreement. <br /> Section 4.06. Secretary. The Secretary shall keep or cause to be kept a book of minutes <br /> at the principal office or at such other place as the Board may order, of all meetings of the Board, <br /> with the time and place of holding, whether regular or special, and if special,how authorized, the <br /> notice thereof given, the names of those present at Board meetings and the proceedings thereof. <br /> The Secretary shall give or cause to be given notice of all meetings of the Board. The Secretary <br /> shall keep the Authority records in safe custody and shall have such other powers and perform <br /> such other duties as may be prescribed by the Board or this Agreement. <br /> Section 4.07. Treasurer. Pursuant to Section 6505.6 of the Joint Powers Law, the Board <br /> shall designate a Treasurer of the Authority. Subject to the applicable provisions of any indenture <br /> or resolution providing for a trustee or other fiscal agent, the Treasurer is designated as the <br /> depositary of the Authority to have custody of all the money of the Authority, from whatever <br /> source, and, as such, shall have the powers, duties and responsibilities specified in Section 6505.5 <br /> of the Joint Powers Law. <br /> The Treasurer is hereby designated as controller of the Authority and, as such, shall have <br /> the powers, duties and responsibilities specified in Section 6505.5 of the Joint Powers Law. The <br /> controller of the Authority shall draw checks to pay demands against the Authority when the <br /> demands have been approved by the Authority. <br /> Section 4.08. Officers in Charge of Records, Funds and Accounts. The Treasurer to the <br /> extent such officer's duties and responsibilities require,is designated as the public officer or person <br /> who has charge of, handles, or has access to any property of the Authority, and such officer shall <br /> 5 <br /> 55394.00068442104911.2 <br />
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