HomeMy WebLinkAbout1997-015 - Ratification of Acceptance of Bids on $2,007,260.10BILL NO. 97-15
ORDINANCE NO. 97- ~S
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $2,007,260.10.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $1,000,000.00 in a
Certificate of Deposit with Norbank at a
rate of 5.75% for a period of six months,
maturing on July 27, 1997.
SECTION 2: The investment of $520,410.10 in Federal
Discount Notes with Merrill Lynch at a rate of
5.468% for a period of six months, maturing on
July 29, 1997.
SECTION 3: The investment of $486,850.00 in Federal Home
Loan Notes with Merrill Lynch at a rate of
5.477% for a period of sic months, maturing on
July 28, 1997.
PASSED THIS 4TH DAY OF FEBRUARY, 1997. > ,
`Mayor d R 1
ATTEST:
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Grace Kemerling,--ei~y Clem
APPROVED THIS /~'~~ DAY OF FEBRUARY, 1997.
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~ `Mayor Ed Rum