HomeMy WebLinkAbout1998-44 - Ratification of Acceptance of Bids on $1,488,561.23BILL NO. 98-44
ORDINANCE NO. 98- `FS~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $1,488.561.23.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $486,872.50 in Federal
Home National Mortgage Assoc. Discount Notes
with Commerce Bank NA at a rate of 5.484 for
a period of six months, maturing on a September
25, 1998.
SECTION 2: The investment of $1,001,688.723in Federal Home
Loan Bank discount notes with Merrill Lynch at
a rate of 5.54, maturing on October 9, 1998.
PASSED THIS 5TH DAY OF MAY, 1998. ~'
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ayo Ed Rule
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Grace Kemerl ng; City, erk