HomeMy WebLinkAbout1997-002 - Ratification of Acceptance of Bids on $1,890,000.00BILL NO. 97-02 ORDINANCE NO. 97-DEG
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $1,890,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $1,590,000.00 in Federal
National Mortgage Discount notes, with United
Missouri Bank, at a rate of 5.379%for a period
of six months, maturing on June 13, 1997.
SECTION 2: The investment of $300,000.00 in a Certificate
of Deposit with Farmers' Exchange Bank at a
rate of 5.00% for a period of six months,
maturing on July 1, 1997.
PASSED THIS 7TH DAY OF JANUARY, 1997.
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ATTEST:
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APPROVED THIS r~UDAY OF JANUARY, 1997.
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