HomeMy WebLinkAbout1994-22 - Authorization to Take Bids on $200,000.00LILL NO. 94 " n
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ORUIIJAIJCE NO. 94 - ~ ~-
A1J ORDINANCE AUTHOkIZING THE TAKING OF BIDS FOk ~ 2G0,000.
AND AU"fHORI"LING THE CREATTUIJ OF AN ADDITIONHL CITY DEPOSITOR
FOk THE HIGHEST ANll BEST BIDS.
BE IT ORDAItJED BY THE BOtiRD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSOURI, HS FOLLOWS:
SECTION 1: Authorization i~ hereby given to accept bids on
April 26, 1994 S 200,000.00, or time deposits or for "f Bills
or "f Notes or Certificates of deposits for six months or one
<1) year and authorizing investment of said funds with the
highest and best bidders.
SECTION 2: Depositor shall be required to post security for
said funds in compliance with tha Missouri State statutes
and to provide for the City Cler)< and Finance Committee
are authorized to take all necessary action to carry out the
intent of this ordinance.
PASSEU THIS 19TH UAY OF APRIL, 1994.
ATTEST:
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City Clerk - ~/~~
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MAYO
APPROVED THIS 19th DAY OF' APk1L, 15`14.
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MAYOR