HomeMy WebLinkAbout1985-29 - Authorization to Take Bids on $400,000.00BILL NO. 85-29 ORDINANCE N0. 85-29
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 I'T ORDAINED BY THE BOARD OF ALDERP'!EN OF THE CITY OF
RIVERSIDE, MISSOURI, AS FOLLOT.aS:
Section 1, Authorization is hereby given to accent bids
on July 18, 1985, 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 ade~?uate evidence of the
posting of said securities.
Sect-ion 4. The r.?ayour and City Clerk and Finance Committee
is authorized to take all necessary action to carry out the
intent of this Ordinance.
Passed this 2nd day of July, 1985.
ayor
ATTEST:
lit,~.l~
City C erk
Approved this 2nd day of July, 1985.
-~
Mayor