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BY-LAWS <br />OF THE <br />SANTA ANA FINANCING AUTHORITY <br />Adopted August 2 , 1993 <br />ARTICLE I - THE AUTHORITY <br />Section 1.01. Name. The official name of the Authority <br />shall be the "Santa Ana Financing Authority". <br />Section 1.02. Authority Board Members. The Authority <br />shall be administered by a governing board (the "Board") whose <br />members shall be, at all times, the Mayor of the City of Santa Ana <br />(the "City") and the members of the City Council. The term of <br />office of a member of the Board shall terminate when such member of <br />the Board shall cease to be the Mayor or a member of the City <br />Council; and the successor to the Mayor or such member of the City <br />Council shall become a member of the Board. <br />Section 1.03. Office. The business office of the <br />Authority shall be at 20 Civic Center Plaza, Santa Ana, California <br />92702, or at such other place as may be designated by the Board. <br />Section 1.04. Compensation. Board members shall not be <br />entitled to compensation but may receive their actual and necessary <br />expenses, including traveling expenses incurred in the discharge of <br />their duties as a Board member, but only when authorized by the <br />Authority and if there are unencumbered funds available for such <br />purpose. <br />ui-ass29.i --1- <br />