HomeMy WebLinkAbout1987-03 - Ratification of Acceptance of Bids on $897,606.11BILL N0. 87-3
ORDINANCE NO. 87-3
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON THE DEPOSIT
AND CREATING AN ADDITIONAL CITY DEPOSITOR.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY
OF RIVERSIDE, MISSOURI, AS FOLLOL9S:
Section 1. The investment of $400,000.00 in Norbank at
the rate of 6.50 percent per annum for the specified time
of one year is hereby ratified.
Section 2. The investment of $497,606.11 in Boatmen's
First National Bank of Kansas City at the rate of 5.852 percent
per annum for the specified time of 388 days is hereby ratified.
Passed this 7th day of January, 1987,
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ikayor
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Approved this 7th day of January, 1987.."
Mayor