HomeMy WebLinkAbout2008-145 - Funds Transfer to Stifel Nicolaus & CompanyBill No. 2008 -145 Ordinance No. 2008 -145
AN ORDINANCE AUTHORIZING AND APPROVING THE TRANSFER OF FUNDS
FROM STIFEL NICOLAUS & COMPANY TO THE CITY OF RIVERSIDE, MISSOURI
WHEREAS, Stifel Nicolaus & Company holds certain funds from the payment of
interest on bonds purchased by the City of Riverside (the "City"), and the City desires to transfer
the funds to the general operating account at UMB Bank.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY
OF RIVERSIDE, MISSOURI, AS FOLLOWS:
Section 1. Stifel Nicolaus & Company is hereby authorized and directed to transfer the
following funds, together with any accrued interest, to UMB Bank for credit to the City of
Riverside Operating Account:
769166AQ2
$1,150,000
5.00%
Interest Due 11/1/08:
$28,750.00
769166AQ2
$ 500,000
5.00%
Interest Due 11/1/08:
$12,500.00
769166ARO
$ 120,000
4.50%
Interest Due 11/1/08:
$ 2,700.00
Section 2. The Mayor, the City Administrator, the City Finance Officer, the City Attorney
and other appropriate City officials are hereby authorized to take any and all actions as may be
deemed necessary or convenient to carry out and comply with the intent of this Ordinance and to
execute and deliver for and on behalf of the City all certificates, instruments, agreements and
other documents, as may be necessary or convenient to perform all matters herein authorized.
Section 3. This Ordinance shall be in full force and effect from and after its passage ,and
approval.
Passed this / / J/
U '/4 day of December, 2008.
Mayor Kathleen L. Rose
ATTE
City Clerk