HomeMy WebLinkAbout1994-80 - Authorization to Take Bids on $800,000.00BILL NO. 94 -XJ
ORDINANCE NO. 94 - `~~
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR
S 800,000 AND AUTHORIZING THE CREATION OF AN ADDITIONAL
CITY DEPGSITOR 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 January 4, 1995 for S 300,000.00 and January 12, 1995
S 500,000.00 for time deposits or for T Bills for six
months ar one year and authorizing investment o£ 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 27TH DAY OF DECEMBER, 1994.
ATTEST:
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City Clerk -
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MAYORJ~
APPROVED THIS 27TH DAY OF DECEMBER, 1994.
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MAYOR