HomeMy WebLinkAbout1998-39 - Ratification of Acceptance of Bids on $1,055,000.00BILL NO. 98-39
ORDINANCE NO. 98-~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $1,055,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION l: The investment of $521,509.00 in Federal
Home National Mortgage Assoc. Discount Notes
with Merrill Lynch at a rate of 5.55 for a
period of six months, maturing on August 27,
1998.
SECTION 2: The investment of $506,348.27 in Federal Home
Loan Bank discount notes with Commerce Bank,
NA, at a rate of 5.498, maturing on August 18,
1998.
PASSED THIS 14TH DAY OF APRIL, 1998.
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