HomeMy WebLinkAbout1986-45 - Ratification of Acceptance of Bids on $800,000.00BILL NO. 86-4~ ORDINANCE N0. 8E~-45
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 FOLLOWS:
Section 1. The investment of $500,000.00 in United
Missouri Bank at the rate of 5.52 percent per annum for the
specified time of one year is hereby ratified.
Section 2. The investment of $300,000.00 in Landmark
KCI Bank at the rate of 6.00 percent per annum for the
specified time of one year is hereby ratified.
Passed this 14th day of October, 1986.
iP!IAY
ATTEST:
CITY LERK
Approved this 14th day of October, 1986.
MAYOR