HomeMy WebLinkAbout1997-127 - Ratification of the Acceptance of Bids on $5,085,364.36BILL NO. 97-127 ORDINANCE NO. 97- ~T t
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $5,085,364.36.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $2,862,513.82 in Federal
Home National Mortgage Assoc. Discount Notes
with Merrill Lynch at a rate of 5.71 for a
period of six months, maturing on May 20, 1998.
SECTION 2: The investment of $2,222,850.54 in Federal Home
Loan Bank discount notes at a rate of 5.6070,
maturing on May 7, 1998. Cs~/`~°'~~'c`- ~-rt'
PASSED THIS 16TH DAY OF DECEMBER, 1997. ~~
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ayor Ed Rule
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Grace Kemerl' City- erk
APPROVED THIS ~~ ~~DAY OF D~.C-ENFB R, 1997 . ~ ~"?
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ayor Ed Rule