HomeMy WebLinkAbout1980-29 - Authorization to Take Bids on $200,000.00Bill No. OD~,~rI
Ordinance No. ~'D':~`%
AN ORDINANCE AUTHORIZING THE TAKTNG OF BIDS FOR $200,000.00 AND AUTHORIZING
THE CREATION OF ADDITIONAL CITY DEPOSITOR FOR THE HIGHEST AND BEST BIDS:
BE IT ORDAINDED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
Section 1. Authorization is hereby given to accept bids on October 20,
1980, for the Time Deposit of 90 Days or.more`and=authorizing,.the i:nvesfinent`
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, City Clerk and Finance Committee, is authorized to
take all and necessary action to carry out the intent of this Ordinance.
Passed this 30th day of September, 1980.
Ma r
ATTESTS~
it,~(,C~ t ~i
City Cler ,~
Approved this 30th day of September, 1980. %~
~%~~~
May -~