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:·:.:.:· ORD·INANCE NO. _lf~66
ORDINANCE OF THE COUNCIL OF THE Cll'Y OF PALO ALTO
ADDING SUBSECTION 2 ~ ~ ro SECTION 22:JL OF THE ADMIN•
..
ISTRATIVE CODE {ORDINAN'CE NO. 1:27/') AUTHORIZING THE
CITY TREASURER TO DEST:~OY PAID OR CANCELLED BONDS A~!l)
COUPONS AND TO DELEGAT.;~ SAID AU'I'HORITY TO THE CITY• .S
F !S. CA:. AGENT
The <;ouncil of the City o:;: Palo Alto d1'e~. ORD:!.IN as follows:::
'
Section 1. Sub sec tio:o 2. 5 is hereby added tc• Sec tior. 2:U of
the Administration Code (l)rdincmce No .. JL277) t:•' read as follo·r.-1s: :
"2. 5 ae shall h.:lve a1.~:thority to d(est::roy it'. a
manner .. provided by law any paid or c<.•.ncelled
bonds of tile City or coupons tbc~reof, and to
delegate s.:iid 8\l:thority 1:o any duly appointed
fiscal age1:1t of the City .. "
Section 2. This ordi;lance shall be<:o~ ef~:ective upon the
expiration of thirty days from its pas.~age.
INTRODUCED: January 8; 1962
PASSED: J~nuary 22, 1962 by un~nimous voict~ v•:'lte •
ATTEST:
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