HomeMy WebLinkAbout1995-013 - Authorization to Take Bids on $1,400,000.00BILL NU. 95 - ~J
ORDINANCE NO. 95 - ~J
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR S 1,400,000.00
AND AUTHORIZING THE CREATION OF AN ADDITIONAL CITY DEPOSITOR
FOR THE HIGHEST AND BEST BIDS.
BE IT ORUAINEU BY THE BOARD OF ALDERMEN OF THE C1TY OF
RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION 1: Authorization is hereby given to accept bids on
March 15, 1995 for S 1,400,000.00. for time deposits or for T
Bills for six months or one year and authorizing investment of
said fund with the highest and beat bidders.
SECTION 2: Depositor shall be required to post security for
said funds in compliance with the Missouri State Statutes
and to provide the Gity Clerk and Finance Committee are
authorized to take all necessary action to carry out the
intent of this ordinance.
PASSED THIS 7TH DAY OF MARCH, 1995.
ATTEST:
,I,/ ~
City Clerk
_ f~~~~ _____ MAYOR
APPROVED THIS 7TH DAY OF MARCH, 1995.
____ / __ -1aE^-'"c'=s~~-=----- MAYOR