HomeMy WebLinkAbout1991-45 - Authorization to Take Bids on $1,000,000.00BILL N0. 9~- ~~
ORDINANCE N0. ~ "' ~~
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR
S 1,000,000.00 AND AUTHORIZING THE CREATION OF AN
ADDITIONAL CITY DEPOSITOR FUR 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 July 10, 1991 on S 1,000,000.00 for time
deposits for either six (6) months or one (1) year
and authorizing investment of said funds with the
highest and best bidders.
SECTION 2: In the event that the highest 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 necessary action to carry
ordinance.
be required to post
compliance with the
provide for the City
are authorized to take
out the intent of this
PASSED THIS 2ND DAY OF JULY 1991.
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MRYOR
ATTEST:
_..-----
City Clerk
APPROVED THIS 2ND DAY OF JULY 1991.
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MAYOR _-_-