A. MHS Enterprise is authorized to execute its business contracts in the name, "MHS Enterprise". Business contracts executed in the name "MHS Enterprise" (or, prior to October 1, 2012, "Memorial Hospital" or "Memorial Health System") shall be deemed to have been executed by the City of Colorado Springs on behalf of MHS Enterprise and shall be legally enforceable by the City or MHS Enterprise against third parties and by third parties against the City or MHS Enterprise to the same extent that would occur if the business contract had been executed by the City of Colorado Springs on behalf of MHS Enterprise. In addition, all contracts executed in the name of "MHS Enterprise" (or, prior to October 1, 2012, "Memorial Hospital" or "Memorial Health System") shall be interpreted or construed by any reviewing court as having been executed by the City of Colorado Springs on behalf of MHS Enterprise. In the interest of clarity, "MHS Enterprise" does not refer to any current or future operator of leased facilities under the Memorial Health System Affiliation.
B. Subject to the terms and conditions of the Memorial Health System Affiliation during its duration, the Chief Executive Officer is authorized to execute all business contracts entered into by MHS Enterprise and all other MHS Enterprise contracts and agreements except those which require approval by the Board of Trustees under any applicable Board policy or which the City Charter, this Code or other controlling law require or requires to be executed by a municipal officer of the City. The Chief Executive Officer may delegate this signatory authority by administrative regulation to staff reporting to the Chief Executive Officer and may provide by administrative regulation for the further delegation of this signatory authority.
C. Subject to the terms and conditions of the Memorial Health System Affiliation during its duration, real and personal property donated to or acquired by MHS Enterprise shall be held in the name of the City of Colorado Springs. (Ord. 15-67)