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fr+ 4 <br />than the ratio which is required for local assessments <br />by Section 401 of the Revenue and Taxation Code, <br />Sections 3-6.04(b)(4) and 3-6.05(b)(3) of this Chapter <br />shall become operative on the first day of the month <br />following the month in which such higher ratio is <br />adopted, at which time Sections 3-6.04(b)(4.5) and <br />3-6.05(b)(3.5) of this ordinance shall become inoperative <br />until the first day of the month following the month <br />in which the Board again adopts an assessment ratio for <br />state -assessed property which is identical to the ratio <br />required for local assessments by Section 401 of the <br />Revenue and Taxation Code, at which time Sections 3-6.04 <br />(b) (4.5) and 3-6.05 (b) (3.5) shall again beca a operative and <br />Sections 3-6.04(b)(4) and 3-6.05(b)(3) shall become <br />inoperative. <br />Section 5. This ordinance shall be operative on January 1, 1974. <br />Section 6. This ordinance shall be posted within the Town of <br />Los Altos Hills in three (3) public places and shall become effective <br />thirty (30) days following its adoption. <br />I HEREBY CERTIFY that the foregoing ordinance was introduced <br />at a regular meeting of the City Council of the Town of Los Altos <br />Hills on/1love ,gec_ i , 1973, and was thereafter, at a <br />meeting of said Council held on lVeye if& /Y' , 1973, passed <br />and adopted. <br />-4- <br />City Clerk <br />