HomeMy WebLinkAbout1986-54 - Authorization to Take Bids on $900,000.00BILL NO. g6- 54
ORDINANCE NO. g6-54
AN ORDINANCE AUTHORIZING THE TAKING OF $IDS FOR $900,000.00
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, 1987, for the Time Deposit of 90 days or more
and authorizing 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 D4issouri State Statutues
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
intent of this
to take all necessary action to carry out the
Ordinance.
Passed this 16th day of December, 1986.
~~
C RK Ma or
Approved this 16th day of December, 1986.
ayor