HomeMy WebLinkAbout1997-081 - Ratification of Acceptance of Bids on $2,371,864.00~~
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BILL NO. 97-81 ORDINANCE NO. 97-~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $2,371,864.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $785,000 in Federal National
Mortgage Association Discount Notes with
Commerce Bank at a rate of 5.717% for a period
of six months, maturing on January 16, 1998.
SECTION 2: The investment of $1,586,864 in Federal Agency
Notes with United Missouri Bank at a rate of
5.634 for a period of six months, maturing on
January 15, 1998.
PASSED THIS 17TH DAY OF JUNE,
ATTEST:
i
Grace Kemerling; City Cler}
APPROVED TYiIS ~~DAY OF JUNE, 1997.
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