HomeMy WebLinkAbout1984-04 - Ratification of Acceptance of Bids on $800,000.00BILL N0. 84-4
ORDINANCE N0. 84-4
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 $300,000.00 in the First National
Bank of Kansas City at the rate of 9.65 percent per annum for the
specified time of one year is hereby ratified.
Section 2. The investment of $300,000.00 in the Landmark K.C.I.
Bank at the rate of 9.75 percent per annum for the specified time of
one year is hereby ratified.
Section 3. The investment of $100,000.00 in the Traders National
Bank, at the rate of 9.50 percent per annum for the specified time of
one year is hereby ratified.
Section 4. The investment of $100,000.00 in the United Missouri
Bank at the rate of 9.55 percent per annum for the specified time of
one year is hereby ratified.
Passed this 19th day of January, 1984.
Mayor
ATTEST:
/~~~~~Y~C~/
City Clerk
Approved this 19th day of January, 1984.
Mayor