HomeMy WebLinkAbout1996-005 - Ratification of Acceptance of Bids on $1,300,000.00BILL NO. 96-4 ORDINANCE NO. 96-5
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $1,300,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $999,882.38 in Federal
National Mortgage Discount notes through
United Missouri Bank, N.A., maturing on
June 17, 1996, with yield of 5.2840.
SECTION 2: The investment of $300,000.00 in a
Certificate of Deposit with Farmers Exchange
Bank of Riverside for six months with a
yield of 4.850.
PASSED THIS 16th DAY OF JANUARY, 1996.
Mayor ~tty Burch
ATTEST:
Louise Rusick, City Clerk Pro Tem
APPROVED THIS 18th DAY OF JANUARY, 1996.
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Mayor tty Burch