HomeMy WebLinkAbout1980-05 - Extension of Depository Agreement with Westport BankBILL NO. ~D- S ORDINANCE NO. ~'C~ ,S
AN ORDINANCE AUTHORIZING THE EXTENSION OF THE DEPOSITORY AGREEMENT
WITH WESTPORT BANK.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSOURI, AS FOLLOWS:
Section 1. That the existing money market certificate
issued by Westport Bank to the City of Riverside in the amount
of Three Hundred Fifty Thousand Dollars ($350,000.00) matured
~~;~ ~~ ~y~~~
Section 2. In order-to orderly.-expedite the investment
of the City's funds;.the existing money- market.-certificate is
continued- -for thirty-~1~0) _ slays at- an interest rite -of 14~
under the same terms and conditions as--the original-depository
agreement.
PASSED THIS sF~. DAY OF yJ~)dh.. ~' . 1980.
~t
MAYO
ATTEST:
CITY LERK
APPROVED THIS DAY OF `~J?~Zh.~~ , 1980.
4-
MAYOR ,