HomeMy WebLinkAbout1983-04 - Ratification of Acceptance of Bids on $700,000.00BILL N0. 83-4 ORDINANCE N0. 83-4
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 Landmark K.C.I.
Bank at the rate of 8 3/8 percent per annum for the specified time of
one year is hereby ratified.
Section 2. The investment of $300,000.00 in the First National Bank
of Kansas City at the rate of 8 1/4 percent per annum for the specified
time of one year.
Section 3. The investment of $100,000.00 in the Bank of Riverside
at the rate of 7.85 percent per annum for the specified time of six (6)
months is hereby ratified.
Passed this 18th day of January, 1983.
Mayo
ATTEST:
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Clerk
Approved this 18th day of January, 1983.
Mayor