HomeMy WebLinkAboutORD 91-23 ORDINANCE NO. `//-.23
ENTITLED AN ORDINANCE AMENDING CHAPTER 2,
SECTION 2-52 OF THE CODE OF ORDINANCES
OF THE CITY OF BEAUMONT AUTHORIZING THE
CITY MANAGER TO ENFORCE COLLECTION OF
DELINQUENT LOANS FROM THE SMALL BUSINESS
REVOLVING LOAN FUND; PROVIDING FOR
SEVERABILITY; AND PROVIDING FOR REPEAL.
BE IT ORDAINED BY THE CITY OF BEAUMONT:
Section 1.
That Chapter 2, Section 2-52 of the Code of Ordinances of Beaumont, Texas is hereby
amended to read as follows:
There is hereby created a small business revolving loan fund board composed
of nine (9) members who are resident citizens and voters of the city. The board
shall consist of at least one member from local financial institutions, at least one
member from the small business assistance center at the John Gray Institute, two
(2) members from small and minority business or community organizations, two
(2) members from the citizens advisory committee of the community development
block grant program, the city finance officer, and two (2) members at-large. Of
the initial nine (9) members, four (4) shall be appointed for a term of three (3)
years and three (3) shall be appointed for a term of two (2) years, thereafter, the
term of office of each board member shall be for two (2) years or until a
successor is appointed. The board shall elect frow its membership officers and
committee chairs, as necessary. The board's duties, among others, shall be to
review requests for small business revolving loans and to approve loan packages
under the program. The board shall report to the city council as requested
concerning the effectiveness of the program and advise city council concerning
potential improvements to-the structure and procedures of the program. That the "{
city manager be, and he is hereby, authorized to take all necessary action
including litigation to collect delinquent accounts resulting from loans made from
the small business revolving loan fund.
Section 2.
That if any section, subsection, sentence, clause or phrase of this ordinance, or the
application of same to a particular set of persons or circumstances, should for any reason be
held to be invalid, such invalidity shall not affect the remaining portions of this ordinance, and
to such end the various portions and provisions of this ordinance are declared to be severable.
Section 3.
That all ordinances or parts of ordinances in conflict herewith are repealed to the extent
of the conflict only.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 42Lt day
of At AA k- 1991.
- Mayor -
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