HomeMy WebLinkAbout1996-120 - Ratification of Acceptance of Bids on $2,795,000.00BILL NO. 96-120
ORDINANCE NO. 96- ~o2D
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $2,795,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $510,000 in Treasury Bills
with United Missouri Bank at a rate of
5.297% for a period of six months, maturing on
May 1, 1997.
SECTION 2: The investment of $2,285,000 in Federal Home
Loan discount notes with Commerce Bank at a
rate of 5.30% for a period of six months,
maturing on May 5, 1997.
PASSED THIS 12TH DAY OF NOVEMBER, 1996. ~ l
E
E'
Mayor Ed le`
ATTEST:
1 ~ ~ _
. ~.C,C-~ ~ % ~.,~'f~~~Gst~
Grace Kemerli City C1 k
APPROVED THIS /X ~l~ DAY OF NOVEMBER, 199.6., /
~-
~yor Ed Rue