HomeMy WebLinkAbout1996-080 - Ratification of Acceptance of Bids on $1,500,000.00BILL NO. 96-80 ORDINANCE NO. 96- ~~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $1,500,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $500,000 in Federal
Home Loan Discount Notes with Commerce Bank
at a rate of 5.55 for six months until January
27, 1997.
SECTION 2: The investment of $500,000 in a Certificate
of Deposit with First National Bank of Platte
County at a rate of 5.OOo for six months
maturing on January 26, 1997.
SECTION 3: The investment of $500,000 in a Certificate
of Deposit with Norbank at a rate of 5.50
for six months maturing January 27, 1997.
PASSED THIS 13TH DAY OF AUGUST, 1996. i
or Ed Rule
ATTEST:
Grace Kemerling,--City Clejfk'
APPROVED THIS ~~).G,Ct~DAY OF AUGUST, 199
ayor Ed Rule