HomeMy WebLinkAbout1983-16 - Ratification of Acceptance of Bids on $500,000.00BILL N0. ~,3- //~
ORDINANCE N0. ~.3- /~
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 Kansas City Bank and
Trust of Kansas City, Missouri, at the rate of 8.82 percent per annum for
the specified time of twelve (12) months is hereby ratified.
Section 2. The investment of $200,000.00 in the Westport Bank of
Kansas City, Missouri, at the rate of 8.75 percent per annum for the
specified time of twelve (12) months is hereby ratified.
Passed this 19th day of April, 1983.
ATTEST:
City Cle k
Approved this 19th day of April,
~ ~ ~
1983.
~i
~~ ~ ~ ~ .
Mayor