HomeMy WebLinkAbout1995-092 - Ratification of Acceptance of Bids on $6,201,627.35BILL NU. 95 - ORDINANCE NO. 95 - ~j;~,
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON THE
S 6,201,627.35.
BE IT ORDAINED BY THE BOARD OF ALDERMAN OF THE CITY OF
RIVERSIDE, MISSOURI AS FOLLOWS:
SECTION 1: The investment of S 495,819.73 in a Federal Home
Loan through United Mo. Bank maturing April 5, 1996 yielding
of 5.44% and also the investment of S 2,094,126.36 in a
T Bill maturing on April 18, 1996 yielding 5.462%.
SECTIOP7 2. The investment o£ S 1,570,909.15 in a Federal
Home Loan through Boatman's Bank maturing April 18, 1996
yielding 5.66% and an investment o£ S 1,540,772.11 in a
Federal National Mortgage Note through Boatman's maturing
April 5, 1996 yielding 5.666%.
SECTION 3: The investment of S 500,000.00 in a certificate
o£ deposit from Hillcrest Bank maturing March 2, 1996 at the
rate o£ 5.58%.
PASSED THIS 7TH DAY OF NOVEMBER, 1995.
MAYOR
ATTEST: /
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City Clerk
PASSED THIS 7TH DAY OF NOVEMBER, 1995.
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MAYOR