San Leandro Municipal Code Art. 4 General Provisions

All checks, drafts or other orders for payment of money, notes or other evidences of indebtedness issued in the name of or payable to the Authority and any and all securities owned by or held by the Authority requiring signature for transfer shall be signed or endorsed by the Treasurer.

The Board, except as in the Agreement or in the Bylaws otherwise provided, may authorize any officer or officers, agent or agents, to enter into any contract or execute any contract or execute any instrument in the name of and on behalf of the Authority and such authority may be general or confined to specific instances and unless so authorized by the Board, no officer, agent or employee shall have any power or authority to bind the Authority by any contract or engagement or to pledge its credit or to render it liable for any purpose or in any amount.

All contracts or agreements on behalf of the Authority shall be signed by the Executive Director or Chair, and countersigned by the Secretary, after having been authorized to do so by action of the Board, except that the Vice Chair shall sign in the absence of the Chair.

The fiscal year of the Authority shall commence on the 1st day of July of each year and shall end on the 30th day of June of the next succeeding year.

These Bylaws may be amended at any time and from time to time by majority vote of the Board.

Editor's Note: Former Title 25, Chapter 1, Conflict of Interest Code: Administrative Regulations, was editorially renumbered to be Title 4, Chapter 2, City Clerk: Conflict of Interest; and the existing bylaws of the Public Financing Authority adopted by Resolution No. 93-1 PFA were codified as Title 25, Chapter 1, Public Financing Authority: Bylaws, during the 2005-06 republication.

(Resolution No. 2006-123, 11/20/2006 [§§25.1.100-25.1.415]; Resolution No. 2007-001 PFA, 01/02/2007 [§§25.1.100-25.1.415])