HomeMy WebLinkAbout1996-107 - Ratification of Acceptance of Bids on $1,730,000.00BILL NO. 96-107 ORDINANCE NO. 96-~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $1,730,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $500,000 in Fannie Mae
discount notes with Commerce Bank at a rate of
5.600 for a period of six months, maturing on
March 24, 1997.
SECTION 2: The investment of $1,080,000 in Treasury bills
with Boatman's Bank at a rate of 5.200 for a
period of six months, maturing on March 24,
1997.
SECTION 3: The investment of $150,000 in a Certificate
of Deposit with Northland National Bank at a
rate of 5.Oo for a period of six months,
maturing on March 24, 1997.
PASSED THIS 1ST DAY OF OCTOBER, 1996. // ,-~
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Grace Kemerli C~/City Cle~
APPROVED THIS /~Y DAY OF OCTOBER, 1996.
or Ed Rule