HomeMy WebLinkAbout1986-31 - Authorization to Take Bids on $400,000.00BILL N0.86-31
ORDINANCE N0.86-31
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 giver. to accept bids on
July 9, 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
funds in compliance with the Missouri State Statutes
for the City Clerk adequate evidence of the posting
Section 4. The Mayor and City Clerk and Finance
authorized to take all necessary action to carry out
this Ordinance.
security for said
and to provide
of said securities.
Committee is
the intent of
Passed this 8th day of July, 1986.
Mayor
ATTEST /,~i'~ /~`.[{~~ ,`~
Cit Clerk
Approved this 8th day of July, 1986.
J
M yor