HomeMy WebLinkAbout1989-28 - Ratification of Acceptance of Bids on $800,000.00BILL N0. ~~i~~-~t' ORDINANCE N0. ~ ~i? ~~~
AN ORDINANCE RATIFYING THE ACCEPTANCE, OF BIDS ON THE DEPOSIT
AND CREATING AN ADDI'CIONAL CITY DEPOSITOR.
RE IT ORDATNED BY THE BOARD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSO[JRI, AS FOLLOWS:
SECTION 1 The investment of $ 300,000.00 in the Merchants
Bank of Kansas City, Missouri at the rate of 9.75`% per
annumfor the specified time of 1? months beginning April 12,
1989 is hereby ratified.
SECTION 2. The investment of $ 500,000.00 in the 1st
National Bank of Platte COunty, Kansas City, Missouri ai,
the rate of 9.75% per annum for the specified time of 12
months begging Aptil 13, 1989 is hereby ratified.
Passed this /,')~ ~(~ day of ~~ ~~~ 1 989.
,%
MAYOR '^
A'1"CEST:
G' /
~%-~ir~C C.(, ~ .~-'ir ~t~f_.~c'7L cam.
City Clerk
APPROVED THIS ~:} ,~x~ OF ~ ~ ~, 1989.
~~ ~ ~ f
M YOR