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The investment incentive certificates issued pursuant to Section 3.80.020 may be transferred by the recognized business investment company upon proper notification to the city of such transfer. Said certificates may not be divided for purposes of transfer and must be transferred in whole. Further, the regulations of the city manager may provide that no subsequent transfer of a certificate will be recognized. Upon proper notification of transfer from the business investment company, the city shall record the name of the new holder in the city records. (Ord. 833 §1 (part), 1988).