HomeMy WebLinkAbout1998-24 - Ratification of Acceptance of Bids on $2,061,012.38BILL NO. 98-24 ORDINANCE NO. 98-~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $2,061,012.28.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $511,115.79 in Federal
Home National Mortgage Assoc. Discount Notes
with Merrill Lynch at a rate of 5.47 for a
period of six months, maturing on August 18,
1998.
SECTION 2: The investment of $549,496.58 in Federal Home
Loan Bank discount notes with Merrill Lynch at
a rate of 5.50, maturing on August 18, 1998.
SECTION 3: The investment of $1,000,399.91 in Federal Home
Loan Bank discount notes with Merrill Lynch at
a rate of 5.56 for a period of six months,
maturing on August 27, 1998.
PASSED THIS IS 3RD DAY OF MARCH, 1998. '
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