AgdaPkt 2018-06-25 Joint SA PFA - Laserfiche WebLink

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Page 27 of 45 ATTY/CHARTER AMENDMENTS/2018/2018 DRAFT CHARTER AMENDMENTS REV: 06-25-18 VR upon the Board. The Board shall have the exclusive management and disbursement of such funds. The cCouncil may also, from time to time, make further appropriations to the Board of such amounts as may, in its judgment, be necessary or proper. Section 48d. REPAYMENT OF FUNDS: All moneys once apportioned or appropriated to the Board, and all income from the operation of the pPort and its facilities, or all net income from leases or other sources, shall remain in its control until expended; provided, the Board shall annually pay over to the General Funds of the cCity profits from the operation of the pPort and any surplus funds which in its judgment may not be needed for pPort purposes. FURTHER PROVIDED Further provided, that the cCouncil may annually, prior to July 1 of each year, require that the Board pay over to the cCity tTreasurer sufficient funds to pay interest and principal payments falling due for the fiscal year succeeding such demand on any bonds issued specifically for the improvement of the Port of Redwood City. On receipt of such demand, it shall be mandatory on the Board that such payment be made. (As amended April 13, 1954, ratified by Legislature January 13, 1955, Stats. 1955, Chapter 27; as amended April 10, 1984, certified by Secretary of State June 21, 1984) Section 48e. BOND INDEBTEDNESS: The proceeds from the sale of bonds now authorized or which shall hereafter be authorized for pPort purposes, shall be under the control of and expended by the Board, and shall be expended for the objects and purposes for which the indebtedness was incurred. Whenever it is desired to incur additional bonded indebtedness for any object or purpose consistent with its general powers, the Board shall prepare tentative plans and estimates and submit its recommendations in writing to the City Council. Section 48f - deleted April 9, 1968, approved by Legislature April 29, 1968, Stats. 1968, Chapter 76. Section 48g. DUTIES OF CITY TREASURER: All moneys under the control of the Board shall be immediately paid over to the City Treasurer of the City of Redwood City, who shall have the care and custody of said funds, and shall keep separate accounts thereof, and pay out the same, as provided in this Charter. Section 49. BUILDING PERMITS No person or persons shall construct, extend, alter, improve, erect, remodel or repair any pier, 8.A. - Page 35