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ORDINANCE NO. NS-1839 <br />Page three <br /> <br />Sec. 13-120 Annuities Defined <br /> <br /> As used in this Article, the term "Annuities" shall <br />mean all annuities purchased by the City with respect to <br />beneficiaries under the PERS Contract, including but not <br />limited to all annuities purchased by the City from the Santa <br />Ana Financing Corporation. <br /> <br />SECTION 4. Validatin~ Proceedings. <br /> <br /> An action to determine the validity of any provisions of <br />this Ordinance may be brought pursuant to Chapter 9 (commencing <br />with Section 860) of Title 10 of Part 2 of the Code of Civil <br />Procedure. <br /> <br />SECTION 5. Liberal Construction. <br /> <br /> This Ordinance, being necessary for the health, welfare <br />and safety of the City and its residents, shall be liberally <br />construed to effect its purposes. Furthermore, this Ordinance <br />has been adopted by the City Council as an exercise of the <br />power as to municipal affairs granted to the City by the <br />Constitution of the State of California and shall be liberally <br />construed to uphold its validity under the laws of the State. <br /> <br />SECTION 6. Severability. <br /> <br /> If any section, subsection, sentence, clause, phrase <br />or portion of this Ordinance is for any reason held to be <br />invalid or unconstitutional by the decision of any court of <br />competent jurisdiction, such decision shall not affect the <br />validity of the remaining portions of this ordinance. The <br />City Council 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, phrases <br />or portions thereof be declared invalid or unconstitutional. <br /> <br />SECTION 7. Publication. <br /> <br /> The City Clerk is hereby authorized and directed to <br />publish the title of this Ordinance pursuant to Section <br />416 of the City Charter. <br /> <br /> <br />