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ORDINANCE NO. N$-1559 <br />PAGE TWO <br /> <br />and be authorized to transact business'and exercise all of <br />the powers and other authority conferred upon industrial <br />development authorities by such Act. <br /> <br />Sec. 2-633. Board of Directors. <br /> <br /> The City Council of the City of Santa Ana is <br />declared to be, ex-officio, the board of directors of the <br />Industrial Development Authority of the City of Santa Ana. <br /> <br />Sec. 2-634. Meetings. <br /> <br /> The time, place, and manner of the regular <br />meetings of the board of directors of the Industrial <br />Development Authority of the City of Santa Ana shall be <br />established by by-laws adopted by such board. Until such <br />time as by-laws are so adopted, the regular meetings of such <br />board shall be held at the hour of 2:00 p.m. on the first <br />Monday in the months of March and September in each calendar <br />year, in the City Council chambers of the City of Santa Ana. <br /> <br /> SECTION 2: If any section, subsection, <br />sentence, clause, phrase or portion of this ordinance is for <br />any reason held to be invalid or unconstitutional by the <br />decision of any court of competent jurisdiction, such <br />decision shall not affect the validity of the remaining <br />portions of this ordinance. The City Council of the City of <br />Santa Ana hereby declares that it would have adopted this <br />ordinance and each section, subsection, sentence, clause, <br />phrase or portion thereof irrespective of the fact that any <br />one or more sections, subsections, sentences, clauses, <br />phrases, or portions be declared invalid or <br />unconstitutional. <br /> <br /> SECTION 3: No ordinance or resolution declaring <br />the organization of the Industrial Development Authority of <br />the City of Santa Ana or declaring the City Council of the <br />City of Santa Ana to be the board of directors of such <br />Authority has been previously adopted. <br /> <br /> ADOPTED this 5th day of <br />198~, by the following vote; <br /> <br />Januar), , <br /> <br />AYES: <br /> <br />NOES: <br /> <br />COUNCILMEN: Bricken, Griset, Luxembourger, Serrato, <br /> Ward, Yamamoto <br />COUNCILMEN: Markel <br /> <br />ABSENT: COUNCILMEN: None <br /> <br />ATTE ST: <br /> <br />CITY ATTORNEY <br /> <br /> <br />