HomeMy WebLinkAbout1994-05 - Authorization to Take Bids on $1,200,000.00BILL NU. 9•I -J'~ ORDINAtdCL ['JO. '~4 .5
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR S '1,20~r,Ut~C~.
HND AUTHORIZING THE CREH'rION OF AN ADDCTIC7NAL CITY U6PrJSITOR
F'OR THE HIGHEST AND BEST BIDS.
BE IT ORDAINED BY THE BOARD OF :1LDE:RMEN OF fHE: t; :I'rY CIE'
RIVERSIDE, MISSOURI, AS FOLLOWS:
:SECTION 1: Authorization is hereby given to accept t,id~_. on
January ~S, 1994 .~..' SUO,upq.00, for time deposits or for 1'
Bills or 'f IJotes or C D's for six months or one c]~ year and
suthorizin,~ invo_strnNnt of .,aid funds with the-~ highest and
crest t•idders.
:SEC'rlON ~: Authorization is hereby given to
Tanuary 25, 1994 £or ti ~OO,UUV.OC~, fur time
Notes or C7 D's for six months or one. c1) year
xnvestrnent o£ said Funds with the 1~,ighest, and
Also=~ to accept. bids on 20G,000.QQ addit
invest..
accept Lids on
depositsa for "r
and authorizin~a
best. bidder ~..
Tonal funds to
SECTION 3: In the event that the hi~ahest find Lest bidders
should not be a City Depositor, an additional City Depositor
is created.
:SECTION 4: Depositor sha.11 be reyui.red to post security for
said funds in compliance with thy- Missouri State Statute;
•snd to provide For t_.he i::.ity clerk and Finance Committee er:c~
authorized t_o take all necessary acti,,n to carry out the
intent ~.~f this ordinance.
i='A:1;ED T'HI::, .18TH UAY OI= JANUARY, 1954.
MHYOR
A'T' T E S"r
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AF'PkOVED T1fIS 1KTH DAY UF' JANUARY, 19'4.
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