HomeMy WebLinkAbout1985-19 - Ratification of Acceptance of Bids on $1,376,206.67BILL N0. 85-19
ORDINANCE NO. 85-19
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 RIVER-
SIDE, MISSOURI, AS FOLLOWS:
Section 1. The investment of discount notes in the amount
of $276,206.67 to be placed with Commerce Bank at the rate of
8.95 percent for the specified time of 344 days is hereby ratified.
Section 2. The investment of treasury bills in the amount
of $500,000.00 to be placed with United Missouri Bank at the rate
of 8.985 percent for the specified time of 365 days is hereby
ratified.
Section 3. The investment of $300,000.00 in Westport Bank
at the rate of 9.233 percent per annum for the specified time
of 365 days is hereby ratified.
Section 4. The investment of $300,OUO.u0 in Landmark K.C.I.
Bank at the rate of y.05 percent per annum for the specified time
of 365 days is hereby ratified.
Passed this lgth day of April, 1985.
Mayor
ATTEST:
sJ -
City lerk
Approved this ]8 th day of April, 1985.