HomeMy WebLinkAbout1980-12 - Authorization to Take Bids on $550,000.00Bill No. 80-1jL
Ordinance No. 80-1Q„
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR, $550,000.00 AND
AUTHORIZING THE CREATION OF ADDITIONAL CITY DEPOSITOR FOR THE
HIr,HEST 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
April 17, 1980, 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, adequate evidence of the posting of said
securities.
Section 4. The Mayor and City Clerk and Finance Chairman is
authorized to take all and necessary action to carry out the intent
of this Ordinance.
Passed this 8th day of April, 1980.
ATTEST:
Mayor
ity C er c
Approved this 8th day of April, 1980...
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