HomeMy WebLinkAbout1989-70 - Authorization to Take Bids on $100,000.00BILL N0. 8~'J- ~D ORDINANCE N0. ~ `~- ~Q
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR $ 100,000.00
AN AUTHORIZING THE CREATION OF AN ADDI'ClONAL 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 l Authorization is hereby given to accept bids
on October 11, 1989 on $ 100,000.00 for time deposits 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 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 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 3RD DAY OF OCTOBER, 1989•
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MAY R
ATTES'T':
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City Clerk
APPROVED THIS 3RD OF OCTOBER, 1989.
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MAYOR ,