HomeMy WebLinkAbout1990-01 - Ratification of Acceptance of Bids on $500,000.00BILL N0. 90-1
ORDINANCE N0. 90-1
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON THE
$ 500,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION is The investment of $ 100,000.00 in a certificate
of deposit with 1'he Merchants Bank for a period of 181 days
at the rate of 8%.
SECTION 2: The investment of $ 400,000.00 in a certificate
of deposit with the American Bank for a period of 6 months
at the rate of 7.625%.
PASSED THIS 2ND DAY OF JANUARY, 1990.
ATTEST:
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City Clerk
MAYOR J
APPROVED THIS 2ND DAY OF JANUARY, 1990.
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