HomeMy WebLinkAbout1991-89 - Authorization to Take Bids on $1,000,000.00BILL NO. 9~,5~_ ORDINANCE NO._ 9%g2 _
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR S 1,000,000.
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 bldg on
Jenuary''~, 1992 on S 1,000,000.00 for time deposits for
either six C6) 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 be required to post security for
said funds in compliance with the Missouri State Statutes
and to provide for the City Clerk and Finance Committee are
authorized to take all necessary action to carry out the
intent of this ordinance.
PASSED THIS 17TH DAY OF DECEMBER 1991.
MAYOR
ATTEST:
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City Clerk
APPROVED THIS 17TH DAY OF DECEMBER 1991.
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MAYOR