HomeMy WebLinkAbout1979-22 - Authorization to Take Bids on $200,000.00Bill No. 79-22
Ordinance N0. 79-22
AN ORDINANCE AUTHORIZING THE TAKING OF BIDS FOR, $200,000.00 AND AUTHORIZING
THE CREATION OF ADDITIONAL CITY DEPOSITOR FOR THE HIGHEST AND BEST BIDS.
BE IT ORDAINED BY THE BAORD OF ALDERMEN OF THE CITY OF RIVERSIDE, PIISSOURI,
AS FOLLOWS:
Section 1 Authorization is hereby given to accept bids on October 18, 1979,
fot the Time Deposit of 780 days, more or less and authorizing the investment of
said funds with the highest and best bidders.
Section 2 Tn the event that the highest and best bidders hsould not be a City
Depositor an additonal City Depositor is created.
Section 3 Depositor sha11 be required to post security for said funds in
compliance with the Missouri State Statutues and to provide for the City Clerk,
adequate evidence of the pasting 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 16th day of October
1979.
_~
.J
ayoi
ATTEST:
~~~~~~
Cit Clerk
Approved this 16th day of October 1979.
Ma or