HomeMy WebLinkAbout1988-23 - Authorization to Take Bids on $500,000.00BILL N0. 88-73
ORDINANCE N0.88-?3
AN ORDINANCE AU'CHORI2~ING THE TAKING OF BTDS FOR $500,000.00
AN AUTHORIZING THE CREATION OF ADDI'CTONAL CTTY llEPOSITOR FOR
THE 1[IGHEST AND BEST BIDS.
BE IT ORDAINED BY THE BOARD 01~ AC.DERMD;N OF I'!IE CITY
OF RIVERSIDE, MISSOURI, AS FOLLOWS:
Section 1. Authorization is hereby given to accept
bids on March 31 1988, for the Time Deposits of 90 Days or
more and authorizing the invesT.ment of said fonds with the
highesT. and best. bidders.
Section 7. In the event Y,hat the highest and best
bidders should not be a City Deposior an addiY.i_onal City
Depositor is created.
Section 3. Depositor shall be required Y,o posY, security
for said funds in compliance with Y.he Missouri St.a Le SY,a tut:es
and t;o provide for the City Clerk adequate evidence of T,he
posY,ing of said securities.
SecY.ion 4. 'P he Mayor and City Glerk and Finance Committee
are authorized to take all necessary acY,ion to carry out the
in Tent of this Ordinance.
Passed This 2nd day of March, 198H
~- 1, c_ ~~~c - --
PRO T7?M
AT`'PEST:
City Clerk i~
Approved this 22nd day o[' March, 1~a88
~ ~ ~.
< , ,
'OR PRO TEM