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Property May Not Be Mortgaged.

Los Angeles Administrative Code § 7.67
in effect
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Sec. 7.67. Property May Not Be Mortgaged. The City shall have no power to mortgage its property for any purpose, but may buy property subject to mortgage. SECTION HISTORY Based on Charter Sec. 3(2).
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-32648Fetched: 10/24/2026

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7.67 | Corpus