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Agmt 2016 California Home Finance Authority
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Agmt 2016 California Home Finance Authority
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6/7/2016 6:29:28 PM
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6/7/2016 6:29:28 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
6/6/2016
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PERM
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Reso 2016-070
(Approved by)
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\City Clerk\City Council\Resolutions\2016
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be liable personally on any Bond or be subject to any personal liability or accountability <br /> by reason of the issuance of any Bonds. <br /> 7. Governing Board <br /> a. The Board shall consist of the number of Delegates equal to one representative <br /> from each Member. <br /> b. The governing body of each Member shall appoint one of its Supervisors to <br /> serve as a Delegate on the Board. A Member's appointment of its Delegate shall be <br /> delivered in writing(which may be by electronic mail)to the Authority and shall be <br /> effective until he or she is replaced by such governing body or no longer a Supervisor; <br /> any vacancy shall be filled by the governing body of the Member in the same manner <br /> provided in this paragraph b. <br /> c. The governing body of each Member of the Board shall appoint a Supervisor as <br /> an alternate to serve on the Board in the absence of the Delegate; the alternate may <br /> exercise all the rights and privileges of the Delegate, including the right to be counted in <br /> constituting a quorum,to participate in the proceedings of the Board, and to vote upon <br /> any and all matters.No alternate may have more than one vote at any meeting of the <br /> Board, and any Member's designation of an alternate shall be delivered in writing(which <br /> may be by electronic mail)to the Authority and shall be effective until such alternate is <br /> replaced by his or her governing body or is no longer a Supervisor,unless otherwise <br /> specified in such appointment. Any vacancy shall be filled by the governing body of the <br /> Member in the same manner provided in this paragraph c. <br /> d. Any person who is not a member of the governing body of a Member and who <br /> attends a meeting on behalf of such Member may not vote or be counted toward a <br /> quorum but may, at the discretion of the Chair,participate in open meetings he or she <br /> attends. <br /> e. Each Associate Member may designate a non-voting representative to the <br /> Board who may not be counted toward a quorum but who may attend open meetings, <br /> propose agenda items and otherwise participate in Board Meetings. <br /> f.Delegates shall not receive compensation for serving as Delegates, but may <br /> claim and receive reimbursement for expenses actually incurred in connection with such <br /> service pursuant to rules approved by the Board and subject to the availability of funds. <br /> g. The Board shall have the power, by resolution,to the extent permitted by the <br /> Act or any other applicable law,to exercise any powers of the Authority and to delegate <br /> any of its functions to the Executive Committee or one or more Delegates, officers or <br /> agents of the Authority, and to cause any authorized Delegate, officer or agent to take any <br /> actions and execute any documents for and in the name and on behalf of the Board or the <br /> Authority. <br /> h. The Board may establish such committees as it deems necessary for any lawful <br /> purpose; such committees are advisory only and may not act or purport to act on behalf of <br />
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