HomeMy WebLinkAbout1979-17 - Authorization to Take Bids on $350,000.00BILL N0. 7~i~
ORDINANCE N0. 7y-~Z
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR, $350,000.00 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 September 17,
1979, for the Time Deposit of 180 days, more or less 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. Deposiior 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 Thi s 1 ~ Ck, day of f,Lu,,f • , 1979.
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Mayor Q
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City C1 rk
_ Approved this I~ ~L day of 1979.
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Mayor
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