HomeMy WebLinkAbout95-07ORDINANCE NO. 95-07
AN ORDINANCE OF THE TOWN OF DANVILLE
ADDING SECTION 2-3 OF THE DANVILLE MUNICIPAL CODE,
RELATING TO THE DESIGNATION OF THE FINANCE DIRECTOR AS THE
TOWN TREASURER
THE TOWN COUNCIL OF THE TOWN OF DANVILLE DOES ORDAIN AS FOLLOWS:
SECTION 1.
PURPOSE AND INTENT. The purpose and intent of this Ordinance is to
designate the Finance Director as the Town Treasurer. In this regard, the
Danville Town Council hereby finds, based on the staff report submitted
herewith, and oral and documentary evidence submitted to the Town Council
at a public hearing on August 1, 1995, that the Finance Director shall act as the
Town Treasurer, with ultimate responsibility to protect, preserve and
maintain cash and investments of the Town of Danville.
SECTION 2. SECTION 2-3 ADDED. Section 2-3 of Article II of Chapter II is hereby added
to the Danville Municipal Code, and such Section shall read as follows:
Section 2-3: TOWN TREASURER
Section 2-3.1: Designation of the Town Treasurer. The Finance
Director of the Town shall also act as the Town Treasurer.
Section 2-3.2: Powers and Duties. To direct, manage and review the
Town's investment program for the purpose of protecting, preserving and
maintaining cash and investments in accordance with California Government
Code Sections 53601 et seq. and the Town's Investment Policy.
SECTION 3.
SEVERABILITY. The Town Council hereby declares that every section,
paragraph, clause and phrase are severable. If any section, paragraph,
sentence, clause or phrase of this Ordinance is for any reason held to be
invalid or unconstitutional, such invalidity or unconstitutionality shall not
affect the validity or constitutionality of the remaining sections, paragraphs,
sentences, clauses or phrases.
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SECTION 4.
PUBLICATION. The Acting City Clerk shall either (a) have this Ordinance
published once within 15 (fifteen) days after adoption in a newspaper of
general circulation or, (b) have a summary of this Ordinance published twice
in a newspaper of general circulation once five days before its adoption and
again within 15 (fifteen) days after adoption.
SECTION 5.
CODIFICATION: Section Two shall be codified in the Danville Municipal
Code. Sections One, Three, Four-and Five shall NOT be codified in the
Danville Municipal Code. Article III of Chapter II shall be modified to reserve
only Sections 2-4 to 2-6.
The foregoing Ordinance was introduced with the first reading waived on August 1, 1995
and approved and adopted by thc Danville Town Council at a Regular Meeting held on
Tuesday, 3ep77 .5f , 1995 by the following vote:
AYES: Greenberg, Doyle,
NOES: None
ABSTAIN: None
ABSENT: Ritchey
Shimansky, Waldo
MAYOR
f -
/~PROVED AS -T~j3 F%
CITY ATTORNEY
ATTEST:
ACTING CITY CLERK
CLERK'S CERTIFICATE
foregoing is a true and accurate copy of Ordinance No. ?~fO
said ordinance was published according to law.
Dated: ~/(o/' ~/,3j
,.D~4c t4r~¢r6 o,4 , Acting City Clerk of the Town of Danville, hereby certify that the
of said Town and that
zY /-
Acting City Clerk
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