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SAN LEANDRO ADMINISTRATIVE CODE TITLE 25 PUBLIC FINANCING AUTHORITY Chapter 1 Bylaws posted on or near the door of the place where the regular, adjourned regular, special or adjourned special meeting was held within twenty-four (24) hours after the time of the adjournment. When a regular meeting is a regular meeting for all purposes. When an order of adjournment of any meeting fails to state the hour at which the adjourned meeting is to be held, it shall be held at the hour specified for regular meetings. (f) Hearings-Continuance. Any hearing being held, or notice or ordered to be held, by the Board at any meeting may by order or notice of continuance be continued or re-continued to any subsequent meeting of the Board in the same manner and to the same extent set forth for the adjournment of meetings; provided, that if the hearing is continued to a time less than twenty-four (24) hours after the time specified in the order of notice of hearing, a copy of the order or notice of continuance of hearing shall be posted immediately following the meeting at which the order or declaration of continuance was adopted or made. &25.1.245: NON-LIABILITY FOR DEBTS. The private property of the Directors shall be exempt from execution or other liability for any debts, liabilities or obligations of the Authority and no Director shall be liable or responsible for any debts, liabilities of obligations of the Authority. &25.1.250: INDEMNITY BY AUTHORITY FOR LITIGATION EXPENSES OF OFFICE& DIRECTOR OR EMPLOYEE. Should any Director, officer or employee of the Authority be sued, either alone or with others, because he is or was a director, officer or employee of the Authority, in any proceeding arising out of his alleged misfeasance or nonfeasance in the performance of his duties or out of any alleged wrongful act against the Authority or by the Authority, indemnity for his reasonable expenses, including attorneys' fees incurred in the defense of the proceedings, may be assessed against the Authority or its receiver by the court in the same or a separate proceeding if the person sued acted in good faith and in a manner such person reasonably believed to be in the best interests of the Authority and, in the case of a criminal proceeding, had no reasonable cause to believe the conduct of such person was unlawful. The amount of such indemnity shall equal the amount of the expenses, including attorneys' fees, incurred in the defense of the proceeding. ARTICLE 3-0BJECTS AND PURPOSES &25.1.300: NATURE OF OBJECTS AND PURPOSES. The business of this Authority is to be operated and conducted in the promotion of its objects and purposes as set forth in the Agreement. &25.1.305: DISTRIBUTION OF ASSETS DURING CONTINUANCE OF AUTHORITY. During the continuance of the Authority, it may distribute any of its assets to the Members of the Department Responsible for Revision: Public Financing Authority Chapter 25.1 11/20/2006 Page 4