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A. The mayor, in his or her discretion, shall issue a charter:

1. Upon his or her concurrence in affirmative findings and favorable recommendations by his or her designee; or

2. Upon acceptance by the applicants of changes, revisions, modifications, conditions, restrictions or contingencies suggested by the mayor; or

3. Upon satisfactory resolution of differences between the applicant and the mayor.

B. A charter establishing a public corporation shall be issued in duplicate originals, each signed by the mayor and bearing the city seal attested by the city finance director. One original shall be retained by the city finance director and filed as a public record, and a duplicate original shall be delivered to the applicant(s). The city finance director shall give notice of the issuance of the charter to the Secretary of State and furnish a copy of the charter and this chapter upon request therefor. [Ord. 9478, 1985].