HomeMy WebLinkAbout1999 - 53 - Ratification of Acceptance of Bids on $7,562,253.23BILL NO. 99-53
ORDINANCE NO. 99- ~C''
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $7,562 253.23.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $1,389,802.93 in Federal
Home National Mortgage Assoc. Discount Notes
with Commerce Bank at a rate of 5.383% for a
period of six months, maturing on January 20,
2000.
SECTION 2: The investment of $5,372,450.30 in Federal
Home National Mortgage Assoc. Discount Notes
with Merrill Lynch at a rate of 5.3940 for a
period of six months, maturing on January 21,
2000.
SECTION 3: The investment of $800,000.00 in a
Certificate
of Deposit with Norbank at a rate of 5.040 for
a period of six months, maturing on January 2,
2000.
PASSED THIS 20TH DAY OF JULY,
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Louise Rusick, City Clerk
1999.
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