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HomeMy WebLinkAbout1988-02 - Authorization to Take Bids on $400,000.00BILL N0. 88 2 ORDINANCE N0. 88_2 AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR $400,000.00 AND AUTHORIZING THE CREATION OF 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 January 7, 1988, for the Time Deposit of 90 Days or more and authorizing the 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 unds in compliance with the Missouri State Statutes and to provide for t'ne 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 5th day of January, 1988. ' i MAYOR PRO-TEM ATTEST: ~~~~.~ Approved this 5th day of January, 1988. i MAYOR PRO-TEM BILL N0. 88-2 ORDINANCE N0. 88-2 AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR $400,000.00 AND AUTHORIZING THE CREATION OF ADDITIONAL CITY DEPOSITOR FOR THE HIGHEST ANll 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 January 7, 1988, for the Time Deposit of 90 Days or more and authorizing the 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 unds 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 5th day of January, 1988. ._ % ~ : ; ~" i .. MAYOR PRO-TEM ATTEST: K~ ~ 1.~Lt~~, ,4-P-~+1- 1Approved this 5th day of January, 1988. ,~ ~' i ~ 1. ( C ~ i __ MAYOR PRO-TEM