HomeMy WebLinkAbout1993-45 - Ratification of Acceptance of Bids on $1,000,000.00BILL NO. ~~_'Y"~ _
ORDINANCE NO. ~a;l _TS
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON THE
S 1,000,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMAN OF THE CITY OF
RIVERSIDE, MISSOURI AS FOLLOWS:
SECTION 1: The investment of S 500,000. in a Certificate
of Deposit with Norbank to mature on January 26, 1994
with an interest rate of 3.35%.
SECTION 2: The investment o£ ~ 492,311.29 in a US T Bill
through Commerce Bank to mature on January 27, 1594 with
a yield of 3.202%.
PASSED THIS 3RD DAY OF AUGUST, 1993.
ATTEST:
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City Clerk
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MAYOR f
APPROVED THIS 3RD DAY OF AUGUST, 1993.
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MAYOR