HomeMy WebLinkAbout1993-06 - Authorization to Take Bids on $1,000,000.00BILL N0. 93 - (~ ORDINANCE NO. 93 - S-~
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR S 1,000,000.
AND AUTHORIZING THE CREATION OF AN ADDITIONAL CITY DEPOSITOR
FOR "tHE HIGHEST AND BEST BIDS.
E•E I`t OFZDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF'
RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION 1: Authorization is hereby given to accept bids an
January 25, 1993 on S SOU,000.UO, for time deposits or for T
Bills or T Notes or C D's £or six (6) months or one (].) year
and autt,orizinq investment of said funds with the highest
and best bidders.
SECTION 2: Authorization is hereby given to accept bids on
Jar7uary 27, 1993 on S SUO,000.00 for time deposits or for T
Bills or T Notes or C D's for six <6) months or one (1) year
and authvrizinq_ investment of said funds with the highest and
best bidders.
SECTION 3: In the event that the highest and best bidders
should not be a City Depositor, an additional City Depositor
is created.
SECTION 4: Depositor shaJ.l be required to post security for
said funds in compliance with the Missouri State Statutes
and to provide for the City Clerk and Finance Committee are
authorized to take all necessary action to carry out the
intent of this ordinance.
PASSED THIS 19Tf3 DAY OF JANUARY 1993.
MAYOR ;~~
ATTEST: I '
~/ .
~i l~~ L~~-Lic=-i .,
City Clerk ~~- -
APPROVED THIS 19TH DAY OF JANUARY 1993.
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MAYOR