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The City of Wood Village ordains as follows, and the Wood Village City Council meeting in duly and regularly constituted session, does express its intent to contract with Multnomah County, Oregon, to share in business income tax revenue collected by the county under the terms and provisions of Section 11 of Multnomah County Ordinance No. 121, as amended, and does authorize the Mayor and City Recorder to execute such agreement or understanding as may be required to accomplish this purpose. (Ord. 5-1977 § 4, 1977.)