The City and County of San Francisco (the "City") is a municipal corporation and chartered city and county duly organized and existing under a charter pursuant to which the City has the right and power to make and enforce all laws and regulations in respect to municipal affairs and certain other matters in accordance with and as more particularly provided in Sections 3, 5 and 7 of Article XI of the Constitution of the State of California and Section 1.101 of the Charter of the City (the "Charter").
Pursuant to Section 4.102 of the Charter, the Port Commission is authorized to execute such powers and duties as shall be prescribed by the Board of Supervisors of the City (the "Board").
Section 9.107 of the Charter provides for the issuance of revenue bonds by the Port Commission of the City (the "Port Commission") for any Port-related purpose and secured solely by Port revenues and also provides that such revenue bonds may be issued and sold in accordance with state law or any procedure provided for by ordinance.
Pursuant to Section 9.107 of the Charter, this Article sets forth a procedure by which the Port Commission may issue revenue bonds for any Port-related purpose and secured solely by Port revenues.
(Added by 258-09, File No. 091272, App. 12/18/2009)