HomeMy WebLinkAbout1999 - 41 - Ratification of Acceptance of Bids on $2,979,956.57BILL NO. 99-41
ORDINANCE NO. 99-
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $2,979,956.57.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $1,999,069.87 in Federal
Home National Mortgage Assoc. Discount Notes
with Commerce Bank at a rate of 4.8820 for
a period of six months, maturing on November
18, 1999.
SECTION 2: The investment of $980,886.70 in Federal Home
National Mortgage Assoc. Discount Notes
with Merrill Lynch at a rate of 4.9020 for
a period of six months, maturing on November 4,
1999.
PASSED THIS 18TH DAY OF MAY, 1999. /
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A~EST: ' ~
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ouise Rusick, City Clerk