HomeMy WebLinkAbout1995-020 - Authorization to Take Bids on $500,000.00BILL NO. 95 - ZQ
ORDINANCE NO. 95 - L 0
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR S 500,000.00
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 20, 1995 for $ 500,000.00 for certificates of deposits
or for T Bills for six months authorizing investment of said
fund with the highest and best bidder.
SECTION 2: Depositor shall be required to post security for
said funds in compliance with the Missouri State Statutes
and to provide the City Clerk and Finance Committee are
authorized to take all necessary action to carry out the
intent of this ordinance.
PASSED THIS 18TH DAY OF APRIL, 1995.
__ _~_~L~,1_-- MAYOR
ATTEST:
City Clerk
t
APPROVED THIS 18TH DAY OF APRIL, 1995.
LJ.~-~--____ MAYOR
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