HomeMy WebLinkAbout1997-054 - Ratification of Acceptance of Bids on $2,740,827.11BILL NO. 97-54 ORDINANCE NO. 97- ~ ~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $2,740,827.11.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $2,220,417.01 in Federal Home
Loan Bank Discount Notes with Commerce Bank at
a rate of 5.736% for a period of six months,
maturing on November 6, 1997.
SECTION 2: The investment of $520,410.10 in Federal
Farm Credit Discount Notes with United Missouri
Bank at a rate of 5.658 for a period of six
months maturing on November 3, 1997.
PASSED THIS 20TH DAY OF MAY, 1997. ~~'.-- ~ ~"
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yor Ed Rule
ATTEST:
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Grace Keme 1 g_,- City Cle
APPROVED THIS-~O~AY OF MAY, 1997. ~
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~ayor Ed Rule