HomeMy WebLinkAbout1990-49 - Authorization to Take Bids on $500,000.00BILL NO. 90-49 ORDINANCE N0. 90-49
AN ORDINANCE AUTHGRIZING THE TA}+ING OF RIDS FOR S 500,OOO.U0
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 bids on
September 13, 1990 on S 500,000.00 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 be required to cost security for
said funds in compliance with the Missouri State Statutes
and to provide for the City Cler}s and Finance Committee are
authorized to take all necessary action to carry out the
intent of this ordinance.
PASSED THIS 4TH DAY OF SEPTEMBER 1990.
MAYOR
ATTEST:
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City Clerk
APPROVED THIS 4TH DAY OF SEPTEMBER, 1990.
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MAYOR