HomeMy WebLinkAbout1984-45 - Authorization to Take Bids on $900,000.00BILL NO. 84-45
ORDINANCE NO. 84-45
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS 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 18, 1985, for the Time Deposit of 90 Days or more and author-
izing 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
Ordinance.
to take all necessary action to carry out the intent of this
Passed this 18th day of December, 1984.
Mayor
ATTEST:
City Cler
Approved this 18th day of December, 1984. ~,
r ~
Ma r