110.070. Bids for depositaries--publication of notice. - Missouri Statutes

Bids for depositaries--publication of notice.

110.070. 1. Subject to the provisions of section 110.030, all boardsof managers, curators, trustees or other persons by whatever name called,who have the management of any state institution, that have the use orcustody of any funds, on or before the first Monday of July for the year inwhich a bid is requested shall receive sealed proposals from bankingcorporations, associations, or trust companies in any city, town or countyin which the institutions are located which desire to be selected asdepositaries of the moneys and funds of the institution. The bids may befor a period of one to four years.

2. Notice that bids will be received shall be published by thesecretary of the board at least twenty days before the meeting at which thedepositary is to be selected in some newspaper published in the city, townor county at least once in each week.

(RSMo 1939 § 9373, A.L. 1959 S.B. 77, A.L. 2004 S.B. 1320)

Prior revisions: 1929 § 8676; 1919 § 12319