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<br />RECEmED <br /> <br />DEe 2 9 1998 <br /> <br />CITY MANAGER <br />NOTICE OF BANKING INSTITUtfUi>>lS 'WIXlIBN THE CITY OF PARIS <br /> <br />Notice is hereby given that Governing Body of the City of Paris, subject to the provision of <br />Article 105, Revised Civil Statutes of Texas, as amended, will receive Bids and Applications <br />from all interested banking institutions within the City of Paris to serve as prime depository of <br />the City of Paris and maintain custody of the funds of the City for a period of two years from <br />March 1, 1999 through FebrulrrY 28, 2001. Any such application shall be delivered to the <br />office of the City Clerk in the C,ty Hall Annex prior to 3:00 P. M., December 29th, 1998. <br /> <br />I <br />It is required that each banI{ bid by filling in all blanks and agreeing to the following <br />specifications: ! <br /> <br />i <br />I <br />Bank will pay to City interest Of time deposits in accordance with the following schedule: <br /> <br /> <br />100000.00 <br /> <br />Maturitv <br /> <br />RATE <br /> <br />7-13 days <br />14-29 days <br />30-59 days <br />60-89 days <br />90-179 days <br />180-365 days <br /> <br />T-Bill (Plus) (Mimls)~Basic Points <br />T-Bill (Plus) (~.3.5-Basic Points <br />T-Bill (Plus) (~~)~Basic Points <br />T-Bill (Plus) (JlOO1<<l9 35 Basic Points <br />T-Bill (Plus) (MlK~ ~ Basic Points <br />T-Bill (Plus) (IJlNNI!!Q 35 Basic Points <br /> <br />Certificates of Deposit over $100.000.00 <br /> <br />Maturitv <br /> <br />RATE <br /> <br />7-13 days <br />14-29 days <br />30-59 days <br />60-89 days <br />90-179 days <br />180-365 days <br /> <br />T-Bill (Plus) (MlK~22-Basic Points <br />T-Bill (Plus) (~~Basic Points <br />T-Bill (Plus) (~~Basic Points <br />T-Bill (Plus) (~22-Basic Points <br />T-Bill (Plus) (~2LBasic Points <br />T-Bill (Plus) (~22-Basic Points <br /> <br />The City will be privileged to use all investment services offered all other customers. <br /> <br />The City will accept bids only on the basis herein after described. <br /> <br />Rates bid must be tied to the Treasury Bill rate effective at the time the certificate is to be <br />purchased. The Bill rate basis to be used will be the quoted yield in the Wall Street Journal for <br />Bills most closely approximating the maturity of the Certificate of Deposit to be purchased. <br />Bonds should be quoted either plus or minus a given number of basis points from the T - Bill <br /> <br />EXHIBIT A <br />