HomeMy WebLinkAbout1996-040 - Ratification of Acceptance of Bids on $3,665,035.51BILL NO. 96-40
ORDINANCE NO. 96-~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $3,665,035.51.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $1,570,909.15 in a Fannie Mae
Discount Note at a rate of 5.660 with
Boatman's Bank for twelve months until April 3,
1997.
SECTION 2. The investment of $2,094,126.36 in a Fannie
Mae with United Missouri Bank at a rate of
5.4620 for six months until October 11, 1996.
PASSED THIS 7th DAY OF MAY, 1996.
ayor Ed Rul
ATTEST:
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Grace Kemerling, City C erk
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APPROVED THIS ,%~~' DAY OF MAY, 1996.
M r Ru