HomeMy WebLinkAbout1997-106 - Ratification of Acceptance of Bids on $2,581,373.11BILL NO. 97-106
ORDINANCE NO. 97-~~J~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $2,581,373.11.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $506,373.11 in Federal
Home Loan Bank Discount Notes with Commerce
Bank N.A. at a rate of 5.518 for a
period of six months, maturing on March 20,
1998.
SECTION 2: The investment of $550,000.00 in Federal Home
Loan Bank discount notes at a rate of 5.57%,
maturing on February 24, 1998.
SECTION 3: The investment of $525,000.00 in National
Mortgage Association Discount Notes rate of
5.62 maturing on February 18, 1998.
SECTION 4: The investment of $1,000,000.00 in Federal
National Mortgage Association Discount Notes
with Nationsbank, N.A., at a rate of 5.478%,
maturing on February 27, 1998.
i
PASSED THIS 7TH DAY OF OCTOBER, 1997.- ~ - '~
ATTEST:
_, ,_.
C_ %~
Mayor Ed Ru e `
c
Grace Kemer City erk
APPROVED THIS ~ DAY OF OCTOBER, 199~~
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~or Ed