HomeMy WebLinkAbout1996-110 - Ratification of Acceptance of Bids on $3,316,000.00BILL NO. 96-110 ORDINANCE NO. 96- ~~O
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $3,316,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, .AS FOLLOWS:
SECTION 1: The investment of $536,000 in Treasury Bills
with United Missouri Bank at a rate of
5.22 for a period of six months, maturing on
April 3, 1997.
SECTION 2: The investment of $2,630,000 at a rate of 5.390
for a period of six months, maturing on April
11, 1997.
SECTION 3: The investment of $150,000 in a Certificate
of Deposit with Farmers Exchange Bank at a
rate of 5.0% for a period of six months,
maturing on April 3, 1997.
PASSED THIS 15TH DAY OF OCTOBER, 1996. J ''
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~Iayor Ed Rule
ATTEST:
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Grace Kemer 'n ...City ¢ erk
APPROVED THIS ~~iLK~DAY OF OCTOBER, 199f~. ~
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~Yayor Ed Rule