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