HomeMy WebLinkAbout1997-116 - Ratification of Acceptance of Bids on $1,460,822.63BILL NO. 97-116 ORDINANCE NO. 97-~~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $1,460,822.63.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $486,875.00 in Federal
Home Loan Bank Discount Notes with Commerce
Bank N.A. at a rate of 5.392 for a
period of six months, maturing on April 1,
1998.
SECTION 2: The investment of $973,407.78 in Federal Home
Loan Bank discount notes at a rate of 5.404%,
maturing on April 6, 1998.
PASSED THIS 7TH DAY OF NOVEMBER, 199 /
Mayor Ed Rule
ATTEST: /
i
~Cii'l ,_/'~~~LI~~.
Grace Kemerling, City CX~rk
APPROVED THIS ' '~~ DAY OF N BER, 199 .
ayor Ed Rule