HomeMy WebLinkAbout1986-33 - Authorization to Take Bids on $500,000.00BILL DIO. 86-33 ORDINANCE NO. $6-33
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR $500,000.00 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, MTSSOURI, A5 FOLLOT'IS:
Section 1. Authorization is hereby given to accept bids on
July 16, 1986, for the Time Deposit of 90 Days or more and authoriz-
ing 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 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 July, 1986.
n
Clerk. Mayor
Approved this 8th day of July, 1986.
Mayor