HomeMy WebLinkAbout1994-45 - Ratification of the Acceptance of Bids on $1,200,000.00BTLL NO. 94 - ~~ ORDINANCE NO. 94 -~~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON THE
$ 1,200,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMAN OF THE CITY OF
RIVERSIDE, MISSOURI AS FOLLOWS:
SECTION 1: The investment of S 500,000.00 in a C D with
the Norbank for six <6> months maturing on January 26,
1995 with a rate of 4.OOst.
SECTION 2: The investment of S 200,000.00 in a C D with
the Farmer's Exchange Bank for 182 days maturing January
25, 1995 with a rate of 3.85:.
SECTION 3: The investment of S 488,068.89 in a T-Bill
with Commerce Bank with a maturity date of January 26,
1995 at the yield of 4.903"x.
PASSED THIS 2ND DAY OF AUGUST, 1994.
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MAYOR "
ATTEST:
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City Clerk
PASSED THIS 2ND DAY OF AUGUST, 1994.
MAYOR