HomeMy WebLinkAbout1997-027 - Ratification of Acceptance of Bids on $2,011,522.27BILL NO. 97-27
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ORDINANCE NO. 97- ~~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $2,011,522.27.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $1,510,677.90 in
Federal Home Loan Notes with Commerce Bank at
a rate of 5.55% for a period of six months,
maturing on October 6, 1997.
SECTION 2: The investment of $500,844.37 in Federal
National Mortgage Association notes with
Commerce Bank at a rate of 5.550 for a period
of six months maturing on October 3, 1997.
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PASSED THIS 18TH DAY OF MARCH, 1997. -
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ATTEST:
Grace Kemerl'ng, City C erk
APPROVED THIS ~/~~~DAY OF MARCH, 1997.
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