HomeMy WebLinkAbout1994-57 - Authorization to Take Bids on $1,000,000.00BILL NO. 94 -,,j J ORDINANCE NO. 94 - .,~7
AN ORDINANCE AUTHORIZING THE TRKING OF BIDS FOR
51,000,000 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 October 5, 1994 for S 500,000.00 and October 30, 1994
~ 500,000.00 for time deposits or for T Billa for aix
months or one year and 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 Clerk and Finance
Committee are authorized to take all necessary action to
carry out the intent of this ordinance.
PASSED THIS 4TH DRY OF OCTOBER, 1994.
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MAYOR
ATTE T:
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City Clerk ~-~
APPROVED THIS 4TH DAY OF OCTOBER, 1994.
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MAYOR