HomeMy WebLinkAbout2000 - 066 - Ratification of Acceptance of Bids on $9,693,438.28BILL NO. 2000-6~,
ORDLNANCE NO. 2000- ~/
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON X9,693,438.28.
BE IT ORDAINED BY THE BOARD OF ALDER.~iEN OF T HE CITY" OF
RIVERSIDE, MSISOtiRI, AS FOLLOWS:
SECTION i. The investment of X6,606,496.12, Federal National Mortgage
Association discount Notes with Merrill Lynch at a rate of 6.75"/~
and maturing on January 11, 2001.
SECTION 2. The investment of $2,003,024.00, Federal National Mortgage
Association discount Notes with Commerce Bank at a rate of 6.706'%
and maturing on January 18, 2001.
SECTION 3. The investment of X541,959.08 in a Certificate of Deposit with
Norbank at a rate of 6.35"/o and maturing on January 26, 2001.
SECTION 4. The investment of $541,959.08 ina Certificate of Deposit with
with Norbank at a rate of 6.35"/o and maturing on January 23, 2001.
PASSED THIS 1sT DAY OF AIiGUST, 2000.
ATTEST:
L uise Rusick, City Clerk
r=~~.l' ~ ---
Mayor Betfy Burch