HomeMy WebLinkAbout1995-004 - Authorization to Take Bids for $1,200,000.00BILL NO. 9~ -~~ ORDINANCE NO. y~_ - 5`
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR
S 1,200.000 AND AUTHORIZING THE CREATION OF AN ADDITIONAL
CITY DEPOSITOR FOR THE HIGHEST AND BEST BIDS.
BE IT ORDfl1NED BY THE BOARD OF ALDERMEN OF THF_ CITY OF'
RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION 1: Authorization is her~bygiven to accept bids
on January 19, 1995 far S 500,000.00 and January 23, 1995
for S 200,000 and January 26, 1995 S 500,000.00 far time
deposits or for T Bills far si7: months ar one year and
authorizing investment of said fund with the hiq_hest and
best bidders.
SECTION 2: Depositor shall be i-equired to post security
for said funds in campliance with the Missouri State
Statutes and to provide the City Cleric and Finance
Committee are authorized to take all necessary action to
carry out the intent of this ordinance.
PASSED THIS 17TH DAY OF JANUARY, 1995.
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MAYOR
ATTEST:
City Clerk
APPROVED THIS 17TH DAY OF JANUARY, 1995.
MAYOR