Ordinance No. 19551 - Laserfiche WebLink

Home Browse Search

with and not in conflict with the terms and provisions of the grant--in-aid: ~a~ to pay the Airport Costs of properties included yr to be included in the Airport, whether such construction has been completed but the Airport Costs thereof not yet paid or such construction has not been commenced or completed, in which events the amount of such grant-in-aid to be applied to the payment of such Costs shall be credited to the Airport Construction Fund; ~b~ to reimburse any fund or whether or not held hereunder, to the properties included or to be included which such grant-in-aid applies, were or account, in which event the amount be applied to such reimbursement shal credited to that fund ar account; and account of the City, extent Airport Costs of in the Airport and to advanced from such fund of such grant-in--aid to 1~be deposited or ~c~ to redeem or purchase Bonds in which event the amount of the grant-in--aid to be applied to such redemptions or purchases shall be deposited with the Trustee in the Bond Fund and applied by it at the discretion of the City to the redemption or purchase of Bonds. 5.2,8, To Employ Competent Personnel. The City will at all times employ competent supervisory personnel for the operation and management.of the properties constituting the Airports and will establish and enforce reasonable rules, regulations and standards governing the employment of operating personnel at reasonable compensations salaries, fees and charges, and all persons employed by the City will be qualified for their respective positions; provided, however, that the provisions of this paragraph shall be subject to any civil service law or any other law of the State of Oregon applicable to the appointment or employment of personnel and employees of the City ar the salary, wages or compensation thereof, 5.2.9. Books and Accounts; Audits. 5.2.9.1. The City shall maintain and keep proper books, records and accounts in which complete and correct entries shall be made of all dealings and transactions relating to the Airport. Such accounts shall show the amount of the Revenues available for the purposes of this ordinance, and the application of such Revenues to the purposes specified in this ordinance and all financial transactions in connection therewith, Annual reports of the financial operations of the Airport prepared by the~City shall be filed with the Trustee and mailed to any owner of Bonds filing with the City a request for the same. Page 35 - Qrdinance