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8.C. - Page 36 provisions of the Charter in conflict therewith. To all other extents, the powers, duties, and functions heretofore vested in the eCouncil or any of the officials, boards, or departments of the ecity shall be unimpaired. Section 50. PORT AREA: The "Port Area" referred to in Sections 47 to 5oa of this Charter shall include all property fronting on Redwood Creek or its tributary streams, or on San Francisco Bay, lying within Township 5 South, Range 3 West, Mount Diablo meridian, which is now, or may hereafter be, within the City of Redwood City, or owned or possessed by the City of Redwood City, and such other property as may hereafter be placed within said "Port Area" by the City Council of Redwood City. Section 5oa. AMENDMENT EFFECTIVE: For the purpose of appointing the members of and organizing the Board, the Amendment shall take effect immediately upon its ratification by the legislature; for all other purposes it shall take effect thirty (30) days thereafter. All lawful ordinances, resolutions, regulations, employments, duties and obligations pertaining to any of the matters included in Sections 47 to 5oa, shall, however, continue in force until the same may be duly amended, repealed or abolished. (Sections 47 to 5oa added in 1937. See note preceding Section 47.) Section Sob. REVENUE BONDS: 1. The provisions of this section shall supersede and control all other provisions of this eCharter in conflict herewith. 2. The term "enterprise" as used in this section means any or all facilities and improvements, including any or all improvements to any thereof, referred to or described in paragraph 2 or 3 of Section 47f of this eCharter and under the jurisdiction of the Board. 3. Notwithstanding any provision of this eCharter to the contrary, and without complying with Section 48e, the Board shall have power to acquire, construct, improve and finance any enterprise in the Port Area. For the payment of the cost of any enterprise or any part thereof (including all incidental expenses, interest during construction, reserve funds and other funds necessary for the better securing of the bonds hereinafter referred to) the Board may, by resolution adopted by the affirmative votes of four-fifths (4/5ths) of all its members and approved by the affirmative votes of a majority of the members of the eCouncil and without compliance with Section 65 of the Charter by the Board or the eCouncil, issue revenue bonds in the name of the Board payable exclusively from any or all revenues of such enterprise. Page 29 of 45 ATTY/CHARTER AMENDMENTS/2017/2017 DRAFT CHARTER AMENDMENTS REV: 11-29-17 JS