Title 04 Administrative Agencies and Procedures
Chapter 04.25A United Native Americans Public Development Authority
Section 04.25A.230 Trusteeship
If it is determined for any reason that a trusteeship should be imposed over the authority, the City may, after a public hearing held with notice to the authority, petition the superior court by resolution to impose a trusteeship over the authority and to appoint the trustees therefore. Any trustee appointed by the superior court shall take such actions as necessary during the trusteeship to achieve the object thereof as reasonable. The trustee shall have the power and authority to reorganize the authority and recommend amendment of its charter and/or its bylaws; suspend and/or remove authority officials, and manage the assets and affairs of the authority; and exercise any and all authority powers as necessary or appropriate to fulfill outstanding agreements, to restore the capability of the authority, to perform the functions and activities for which it is chartered, to reinstate its credit or credibility with its creditors or obligees, and, if so authorized by the superior court, to oversee its dissolution.
Date Passed: Monday, March 26, 2007
Effective Date: Sunday, May 6, 2007
Recodification ORD C33995 Section 1
Section 04.25A.230 Trusteeship
If it is determined for any reason that a trusteeship should be imposed over the authority, the City may, after a public hearing held with notice to the authority, petition the superior court by resolution to impose a trusteeship over the authority and to appoint the trustees therefore. Any trustee appointed by the superior court shall take such actions as necessary during the trusteeship to achieve the object thereof as reasonable. The trustee shall have the power and authority to reorganize the authority and recommend amendment of its charter and/or its bylaws; suspend and/or remove authority officials, and manage the assets and affairs of the authority; and exercise any and all authority powers as necessary or appropriate to fulfill outstanding agreements, to restore the capability of the authority, to perform the functions and activities for which it is chartered, to reinstate its credit or credibility with its creditors or obligees, and, if so authorized by the superior court, to oversee its dissolution.
Date Passed: Monday, March 26, 2007
Effective Date: Sunday, May 6, 2007
Recodification ORD C33995 Section 1
