HomeMy WebLinkAbout1995-017 - Authorization to Take Bids on $1,000,000.00BILL NO. 95 - ~~
ORDINANCE NO. 95 - ~ /
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR S 1,000,000.00
AND AUTHORIZING THE CREATION OF AN ADDITIONAL CITY DEPOSITOR
FOR THE HIGHEST AND BEST BIDS.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF' THE CITY OF'
RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION 1: Authorization is hereby given to accept bids on
April 6, 1995 for S 500,000.00 end for S 500,000.00 for
investment on April 28, 1995 for certificates of deposits or
for T Bills for six months authorizing investment of said fund
with the highest and best bidders.
SECTION 2: Depositor shall be required to post security for
said funds in compliance with the Missouri State Statutes
and to provide the City Glerk and Finance Committee are
authorized to take all necessary action to carry out the
intent of this ordinance.
PASSED THIS 4TH DAY OF APRIL, 1995.
ATTE T : ////
City Clerk
~~~[~_,~[.thl~_ __ MAYOR
APPROVED THIS 4TH DAY OF APRIL, 1995.
~~ MAYOR