HomeMy WebLinkAbout1998-57 - Ratification of Acceptance of Bids on $4,809,460.96BILL NO. 98-57
ORDINANCE NO. 98-~z
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $4,809,460.96.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $1,946,303.33 in Federal
Home National Mortgage Assoc. Discount Notes
with Commerce Bank NA at a rate of 5.5640 for
a period of six months, maturing on a November
4, 1998.
SECTION 2: The investment of $2,863,157.63 in Federal Home
Loan Bank discount notes with Merrill Lynch at
a rate of 5.57 0, maturing on November 23, 1998.
PASSED THIS 2ND DAY OF JUNE, 1998
ayor Ed Rule
AT~T
~~/ylG2~~.~:~/l/
Grace Kemerli3rg; City C rk