BAFSAM DIVESTMENT ORDINANCE

by Bay Area Free South Africa Movement
Oakland, California, United States
May 28, 1985
11 pages
Coverage in Africa: Namibia
Coverage outside Africa: United States
Language: English
Contents: SECTION I. Definitions • SECTION II. Deposit and Investment of City Funds by Banks and Financial Institutions • A. General Prohibited Transaction • B. Affidavit Required • SECTION III. Investment of City Funds • A. General Prohibited Transaction • B. Implementation by Published List • C. Compliance • SECTION IV. Use of Professional Service Firms • A. General Prohibited Transaction • B. Affidavit Required • C. Compliance • SECTION V. Selective and Preferred Purchase of Commodities • A. General Prohibited Transaction • B. Contract Stipulation • C. Preferred Purchasing Procedure • D. Compliance • SECTION VI. Rules and Regulations • SECTION VII. Public Records • SECTION VIII. Severability • SECTION IX. Effective Date • SECTION X.  Duration of Policy • SECTION XI. Oversight • Draft by the Bay Area Free South Africa Movement (BAFSAM) of a City of Oakland ordinance that would prohibit the deposit, investment, or handling of city funds with financial institutions, investment firms, or financial service firms who do business with either the public or private sector of South Africa or Namibia, prohibit investment of city funds in private companies doing business in South Africa or Namibia, prohibit purchase of commodities produced in South Africa or Namibia, and provide for preferred purchase of products manufactured by firms not doing business in the Republic of South Africa or Namibia. The document discusses racial discrimination, racism, apartheid, "independent homelands," pass laws, the Group Areas Act, race groups, white and black students, the African National Congress (ANC), the Pan Africanist Congress (PAC), military occupation and control, the United Nations, indefinite and incommunicado detention, interrogation, and habeas corpus.
Used by permission of David Bacon, a former member of the Bay Area Free South Africa Movement.
Collection: Miloanne Hecathorn papers