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<br />SAN LEANDRO ADMINISTRATIVE CODE <br /> <br />TITLE 25 <br /> <br />PUBLIC FINANCING AUTHORITY <br /> <br />Chanter 1 <br /> <br />Bvlaws <br /> <br />ARTICLE l-DEFINITIONS: OFFICES AND SEAL <br /> <br />.~25.1.100: DEFINITIONS. All capitalized terms used herein shall have the resvective <br />meanings !liven such terms in the Joint Exercise of Powers Agreement. dated May 24. 1993. bvand <br />between the City of San Leandro. California. and the Redevelopment Agencv of the City of San <br />Leandro (the "Agreement"). <br /> <br />.~25.J.l 05: OFFICES. The princival office of the Authority for the transaction of business <br />shall be 835 East 14th Street. San Leandro. CA 94577. The Board may. however. fIX and change <br />from time to time the princival office from one location to another within the City of San Leandro <br />by noting the change of address in the minutes of the meeting of the Board at which the address <br />was fIXed or changed. The fixing or changing of such address shall not be deemed an amendment <br />to these Bvlaws. <br /> <br />~25.1.110: SEAL. The Authority shall have {J an official seal. consisting of two (2) concentric <br />circles with the words "San Leandro Public Financing Authority" within the outer circle and the <br />date o(formation of the Authority within the inner circle. The Secretary shall obtain or cause to be <br />obtained the Seal at the Authority's expense and shall have custody of the Seal. <br /> <br />ARTICLE 2-BOARD <br /> <br />.~25.1.200: POWERS. Subiect to the limitations of the AflTeement. the terms of these Bvlaws. <br />and the laws of the State of California. the vowers of this Authority shall be vested in and exercised <br />by and its proverty controlled and its affairs conducted by the Board of the Authority. <br /> <br />.~25.J.205: NUMBER. The Board shall have seven (7) Directors. who shall be the members <br />of the City Council of the City of San Leandro. Each Director shall hold office for a term which <br />coincides with such Director's term of office as member of the City Council. <br /> <br />.~25.1.210: COMPENSATION. Directors shall serve without compensation but each <br />Director may be reimbursed his or her necessary and actual expenses. including travel incident to <br />his services as Director. pursuant to resolution of the Board. Anv Director may elect. however. to <br />decline said reimbursement. <br /> <br />~25.1.215: REGULAR MEETINGS. The regular meetings of the Board shall be held <br />annually on the third Monday in June at the hour of 7:00 p.m. If any regular meeting falls on a <br />holiday. such regular meeting shall be held on the next business day at the same hour. <br /> <br />Department Responsible for Revision: Public Financing Authority <br />2006 <br /> <br />Chapter 25.1 <br />Page 1 <br /> <br />85 <br />