HomeMy WebLinkAbout1996-026 - Ratification of Acceptance of Bids on $1,005,700.00BILL NO. 96-26
ORDINANCE N0.96-26
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $1,005,700.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $500,000.00 in a Certificate
of Deposit with Northland National Bank at a
rate of 5.OOo for six months until September,
12, 1996.
SECTION 2. The investment of $505,700.00 in a Fannie
Mae with Boatman's Bank at a rate of 5.20% for
six months until September 27, 1996.
PASSED THIS 19th DAY OF MARCH, 1996.
Mayor Be y Burch
ATTEST:
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Grace Kemer Cit Clerk
APPROVED THIS ~/-u'yDAY OF MARCH, 1996.
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Mayor Bet Burch