HomeMy WebLinkAbout1989-22 - Authorization to Take Bids on $800,000.00BILL N0. ~`~~-,~~ ORDINANCE NO
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AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR $ 800,000.00
AND AUTHORT"7,ING THE CREATION OF ADDITIONAI, CITY DEPOSITOR FOR
THE HIGHEST AND BEST F3IDS.
RE IT ORDAINF,D BY THE BOARD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION 1 Authorization is hereby given to accent.
bids on April 1?th, 1989 for $ 300,000.00 and on
April 14th, 1989 for $ 500,000.00 for Certi_fi_cate
of Deposits of 90 days or more and a~ithorizina the
investment of said funds wi_*h the highest and best
bidders.
SECTION 2: In the event that the highest and best
bidders should not be a City Depositer, an additional
Depositor is created.
SECTION 3: Depositor sha7.1. be required to post security
for said funds in compliance with the Missou~~i State
Statutes and to provide for the City Clerk adequate
evidence of the posting of said securities.
SECTION 4: The Mayor and Cir,~~ Clerk and Finance
Committee are authorized to take all necessary action
to carry out the intent of this Ordinance.
PASSED THIS 4TH DAY OE APRIL, 1989.
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MAYO
ATTF,ST:
L.
City Clerk -
APPROVED THIS 4TH DAY OE APRIL, 1989.
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MAYOR ~
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