HomeMy WebLinkAbout1981-15 - Ratification of Acceptance of Bids on $800,000.00Bill No. 81-15
Ordinance No. 81-15
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 Westport Bank of
Kansas City, Missouri, at the rate of 132 percent per annum for the
specified time of twelve (12) months is hereby ratified.
Section 2. The investment of $300,000.00 in the Kansas City Bank
& Trust, at Kansas City, Missouri, at the rate of 132 percent per
annum for the specified time of twelve (12) months is hereby ratified.
Section 3. The investment of $100,000.00 in the Metro North State
Bank, Kansas City, Missouri, at the rate of 15 3/8 percent per annum for
the specified time of six (6) months is hereby ratified.
Section 4. The investment of $100,000.00 in the Commerce Bank at
Kansas City, Missouri, at the rate of 13 7/8 percent per annum for the
~ specified time of six (6) months is hereby ratified.
Passed this 21st day of April, 1981.
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ATTEST:
City Clerk
Approved this 21st day of April, 1981.
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Mayor
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Mayor