The Secretary of the Sinking Fund Commission may, on behalf of and pursuant to authorization by the Sinking Fund Commission, take all actions which the Sinking Fund Commission is required or authorized to take under this chapter other than designation of the Escrow Agent or a successor Escrow Agent pursuant to Section 179.02 (including, without limitation, causing deposits to be made with the Escrow Agent for the Credit of Sinking Fund accounts, establishing sub- accounts in the Sinking Fund, authorizing transfers from Sinking Fund accounts, and authorizing and instructing the Escrow Agent as to investments of moneys in Sinking Fund accounts), and the Secretary may do so without the prior authorization of specific actions by the Sinking Fund Commission; provided that the Secretary shall make a written record of all such actions and shall maintain such records with the records of the Sinking Fund Commission in accordance with Section 179.17(b), and provided further that the Secretary shall take no action pursuant to this section which is contrary to or inconsistent with any resolution, instruction, or other action of the Sinking Fund Commission.
(Ord. No. 1748-80. Passed 10-8-80, eff. 10-8-80)