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duties and obligations pertaining to any of the matters included in Sections 47 to 5oa, shall, <br />however, continue in force until the same maybe duly amended, repealed or abolished. <br />(Sections 47 to 5oa added in 1937. See note preceding Section 47.) <br />Section Sob. REVENUE BONDS: <br />1. The provisions of this section shall supersede and control all other provisions of this <br />eCharter in conflict herewith. <br />2. The term "enterprise" as used in this section means any or all facilities and <br />improvements, including any or all improvements to any thereof, referred to or described in <br />paragraph 2 or 3 of Section 47f of this eCharter and under the jurisdiction of the Board. <br />3. Notwithstanding any provision of this eCharter to the contrary, and without complying <br />with Section 48e, the Board shall have power to acquire, construct, improve and finance any <br />enterprise in the Port Area. <br />For the payment of the cost of any enterprise or any part thereof (including all incidental <br />expenses, interest during construction, reserve funds and other funds necessary for the better <br />securing of the bonds hereinafter referred to) the Board may, by resolution adopted by the <br />affirmative votes of four-fifths (4/5ths) of all its members and approved by the affirmative votes <br />of a majority of the members of the eCouncil and without compliance with Section 65 of the <br />Charter by the Board or the eCouncil, issue revenue bonds in the name of the Board payable <br />exclusively from any or all revenues of such enterprise. <br />4. Such revenue bonds shall be issued by the Board pursuant to the provisions of the <br />Revenue Bond Law of 1941 (California Government Code Sections 543oo and following) as the <br />same may, from time to time, be amended (and all of the provisions of said Law, as amended, are <br />incorporated in this section by reference and made a part hereof); excepting, however, that no <br />election shall be required for the issuance of any revenue bonds by the Board; that the terms <br />'local agency' and "legislative body" as used in said Law shall mean the Board; and that the term <br />"enterprise" as used in said Law shall have the meaning set forth in paragraph 2 of this section. <br />5. If any revenue bonds shall be issued under this section, then Section 48b and the first <br />two paragraphs and the first sentence of the third paragraph of Section 48c of this Charter shall <br />be inapplicable so long as any such revenue bonds shall remain outstanding and unpaid. The <br />general fund of the e0ty shall not be liable, and the credit or taxing power of the eCity shall not <br />be pledged, for the payment of any such revenue bonds or their interest and such bonds shall not <br />be secured by a legal or equitable pledge of, or charge, lien or encumbrance upon, any of the <br />property of the City or the Board or any income or receipts of the City or the Board excepting <br />only revenues of the enterprise. <br />AM/CHARTER AMENDMENTS/2018/2018 FINAL CHARTER AMENDMENTS <br />REV: 07.18-18 VR <br />Page 29 of 45 <br />