HomeMy WebLinkAbout1991-17 - Authorization to Take Bids on $1,000,000.00BILL N0. ~-' ~ ORDINANCE IJO.
AN ORDINANCE AUTHORIZING THE TAKING OF B1DS FOR
1.000,000.00 AND AUTHORIZING T'HE CREATION OF AN
ADDITIONAL CITY DEPOSITOR FOR THE HIGHES"r AND BES"t
BIDS.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF' THE c;ITY
OF RIVERSIDE, MISSOURI, HS FOLLOIn~S:
SECTION 1: Huthorization is hereL-~v given to accept
bids on April 11, 1991 on ~ 1,000,000.00 for t.irne
deposits for either six t6) months or one (i) vear
and authorizing investment of said funds with th~a
highest and best bidders.
SECTION 2: In the event that the hicrhest and best
bidders should not be a City Depositor, an additional
City Depositor .is created.
SECTION 3: Depositor shall
security for said funds in
Missouri State Statutes and to
Clerk and Finance Committee
all neces.sar.v ,scti~~n 'to carry
ordinance.
be required to post
compliance with the
provide for the City
are authorized to take
out the intent of tt,is
PASSED THIS 2ND DAY OF APRIL 1991.
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F ?'ALL _ _~.~c Y._c__ !_ ~~ .. _ _.
MAYOR,.~°
AT'T'EST
• ~ ;
t
City Clerk
APPROVED THIS 2ND DAY OF APRIL 1991.
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MAYOR ~~"-