HomeMy WebLinkAbout1990-08 - Ratification of the Acceptance of Bids on $600,000.00BILL N0. "~~' -~~ ORDINANCE N0. ~~G' - .`'
All ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON THE; $ 600,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE C1TY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION l The investment. of $ 100,000.00 in a certificate of
deposit with the Bank of Riverside fcr a period of 364 at the rate
of 7.75% maturing January 31 1991.
SECTION 2: The investment of $ 504,186.81 in a T Nce for a net
yield of 8.135% with Commer~,e Bank maturing on January 31 1991.
PASSED THIS 6TH DAY OF FEBRUARY, 1990.
MAYOR
ATTEST:
City Clerk ~-
APPROVED THIS 6'I'F1 DAY OF FEBRUARY, 1990.
i~
MAYOR