HomeMy WebLinkAbout1997-039 - Ratification of Acceptance of Bids on $4,459,919.30BILL NO. 97-39
ORDINANCE N0. 97- ~ 9
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $4,459,919.30.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $496,000.50 in Federal Home
Loan Bank Notes with Commerce Bank at a rate of
5.52% for a period of six months, maturing on
September 23, 1997.
SECTION 2: The investment of $1,049,805.00 in Federal
Home Loan Bank Notes with Boatmen's Bank
at a rate of 5.658 for a period of six months
maturing on September 23, 1997.
SECTION 3: The investment of $150,000.00 in a Certificate
of Deposit at Northland National Bank at a
rate of $5.35 for a period of six months,
maturing on September 27, 1997.
SECTION 4: The investment of $2,764,113,80 in Federal Home
Loan Discount Notes with Merrill Lynch at a
rate of 5.8093 for a period of six months,
maturing on November 17, 1997.
PASSED THIS 8TH DAY OF APRIL, 1997. ~~ ,
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GMayor Ed Rule
ATTEST:
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Grace/ Kemerli g,--City Cler
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APPROVED THIS ~~~ DAY OF APRIL, 1997.
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ayor Ed Rule