HomeMy WebLinkAbout1989-67 - Authorization to Take Bids on $500,000.00BILL N0. 6
ORDINANCE N0. G
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR $ 500,000.00
AND AUTHORIZING THE CREATION OF AN ADDITIONAL CITY DEPOSITOR
FOR THE HIGHEST AND BEST' BIDS.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF TF]E CITY OF
RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION 1 Authorization is hereby given to accept bids on
October 2, 1989 on $ 500,000.00 for Lime depostis or treasury
bills for either 6 months or 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, and add.itiona.L City Depositor,
an additional City Deposiior 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 adequate evidence of the posting of
said securities.
SECTION 4: The Mayor and City Clerk and Finance Committee
are authorized to take all necessary action to carry out the
intent of this ordinance.
PASSED THIS 19TH DAY OF SEPTEMBER, 1989•
ATTEST:
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City Clerk
MAYOR
APPROVED THIS 19TH OF SEPTEMBER, 1989.
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MAYOR