HomeMy WebLinkAbout1987-39 - Authorization to Take Bids on $900,000.00BILL NO. 87-39
ORDINANCE N0. 87-39
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR $y.00,000.00
AND AUTHORIZING THE CREATION OF ADDITIONAL CITY DEPOSITOR
FOR TIIE HIGHEST AND BEST BIDS.
BE IT ORDAINED BY THE BOARD OF ALDERPtEN OF THE CITY OF
RIVERSIDE, MISSOURI, AS FOLLOi9S:
Section 1. Authorization is hereby gi-v en to accept bids
on October 14, 1987, for the Time Deposit of 90 days or more
and authorizing the investment for 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 adequate evidence of the
posting of said securities.
Section 4. The Itlayor and City Clerk and Finance Committee
is authorized to take all necessary action to carry out the intent
of this Ordinance.
Passed this 29th day of September, 87.
Ma
ATTEST:
City Clerk
Approved this 29th day of September, ~8 .
- Mayo