HomeMy WebLinkAbout1986-18 - Authorization to Take Bids on $1,300,000.00BILL NO. 86-8
ORDINANCE NO. 86 18
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR $1,300,000.00
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 April 17, 1986, 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 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 Mayor and City Clerk and Finance Committee
is authorized to take all necessary action to carry out the intent
of this Ordinance.
Passed this 8th. day of April,
1986,
Mayor
ATTEST: ~'`~-~~ /~~~~-~~-
C'ty Clerk
Approved this 8th. day of April, 1986. ~ -~
ayor