HomeMy WebLinkAbout1989-47 - Ratification of Acceptance of Bids on $500,000.00BILL N0. ~~i " ORDNANCE N0. ~~'~~/
AN ORDINANCE. RATIFYING THE ACCEPTANCE OF BIDS ON THE DEPOSIT
AND CRF,ATING AN ADDITIONAL CITY DEPOSI'COR.
BE IT ORDAINED BY THE BOARD OF ALDERMEN 01^ THE CITY 0~
R r~)gRSIDE, MISSOOR 1 , AS ~'C',LO~°'
SECTION l: The investment of $ 100,000.00 in a
certificate of deposit at The Merchants Banks for 181 days
at the raT.e of 9.375%, and the investment of $ h00,000.00
in a certificate of deposit at the American Bank for 181
days at the rate of 8.81%.
PASSRD THIS 11TH DAY OF JllLY, 1989•
MAYOR
ATTEST:
~/
City Cterk ~~~~
APPROVED THIS 11TH DAY OF JULY, 1989.
MAYOR