HomeMy WebLinkAbout1990-57 - Authorization to Take Bids on $400,000.00BILL N0. 90-~'/ ORDINANCE N0. 90-~ 7
AN ORDINANGE AUTHORIZING THE TAKING OF BIDS FOR S 404,000.00
AND AUTHORIZING THE CREATION OF AN ADDITIONAL CITY DEPOSITOR
FOR THE HIGHEST AND BEST BIDS.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION 1: Authorization is hereby given to accept bids on
October 08, 1990 on S 400,000.00 for time deposits for either
six (6) months or one C1) 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 2ND DAY OF OCTOBER 1990.
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MAYOR
ATTEST:
City Glerk
APPROVED THIS 2ND DAY OF OCTOBER, 1990.
MAYOR
BILL N0. 90-,57
AN ORDINANCE AUTHORIZING THE
AND AUTHORIZING THE CREATION
FOR THE HIGHEST AND BEST BIDS.
ORDINANCE N0. 90-~7
TAKING OF BIDS FOR S 400,000.00
OF AN ADDITIONAL CITY DEPOSITOR
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
October 08, 1990 on S 400,000.00 for time deposits for either
six (6> months ar one C1) 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 2ND DAY OF OCTOBER 1990.
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MAYOR z
ATTEST:
City Clerk '/
APPROVED THIS 2ND DAY OF OCTOBER, 1990.
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MAYOR