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4 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14� <br />is 1 <br />16 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />.SECTION 6' Other Fund Reserves <br />a) Nothing in this. Ordinance shall be construed to pxohib%Jt1the,,xa,a1n- <br />tenance of Reserves in any Fund that are necessary to comply <br />-with the accepted budgetary and fund accounting principles in <br />reference to, reserves, for depreciation. of physical -assets, stores <br />and inventories,, accounts receivable�s and bonded debti", <br />b) All reserves established under the provisions of` Section 6, <br />paragraph a) shall be approved by the City Council or the audit- <br />ing firm employed by the City Council to -conduct an annual audit <br />of the financial transactions of the City,, <br />SECTION 7,,� <br />That if any section, subsection, sentence, clause or phrase of this, <br />ordinance is for any reason held to be invalid or unconstitutional by the decision <br />of any court of competentjurisdiction, such decision shall notaffect the validity <br />of the remaining portions of this ordinance, and the City Council of the City of' <br />Colton hereby. declares that they would have passed this ordinance and each <br />section, subsection, sentence, clause and phrase, thereof, irrespective of the <br />fact that any one or more other sections, subsections, qlaus,e-s or phrases,, be <br />declared invalid or unconstitutional. <br />SEC TION 8., <br />.The City Clerk shall certify to the passage of this ordinance.and <br />shall cause the same to be published onceinthe.Golton. Courier, a daily news- <br />paper hereby designated ]r0r. the purpose* <br />PASSED O ADOPTED AND APPROVZhis/1;2lst day ofAfly,, 1964s, <br />ATTEST: <br />City'Plerk <br />-4.4 <br />