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<br />RESOLUTION NO. 2005-009 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, <br />TEXAS, AWARDING THE BID FOR CITY DEPOSITORY FOR THE PERIOD <br />BEGINNING MARCH 1, 2005 AND ENDING FEBRUARY 28, 2007; <br />AUTHORIZING THE EXECUTION OF A CONTRACT UPON THE TERMS AND <br />CONDITIONS SET OUT IN THE INSTITUTION'S BID; MAKING OTHER <br />FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING <br />AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City of Paris, Paris, Texas, did heretofore advertise for bids in accordance <br />with the laws of the State of Texas and the Charter of the City of Paris for a City Depository for the <br />period beginning March 1,2005, and ending February 28, 2007, which bids were received until 3:00 <br />o'clock P.M., Tuesday, January 4 2005; and, <br /> <br />WHEREAS, the best bid for City Depository was made by Liberty National Bank in Paris, and <br />it should be awarded the contract for such depository; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: <br /> <br />Section 1. That the :fmdings set out in the preamble to this resolution are hereby in all things <br />approved. <br /> <br />Section 2. That the bid of the Liberty National Bank in Paris to act as City Depository for the <br />period beginning March 1,2005, and ending February 28,2007, be, and the same is hereby, accepted. <br /> <br />Section 3. That the Mayor be, and he is hereby, authorized and directed to execute, on behalf <br />of the City of Paris, the contract with Liberty National Bank: in Paris to act as City Depository for the <br />City of Paris upon the terms and conditions set out in that institution's bid, attached hereto as Exhibit <br />A. <br /> <br />Section 4. That this resolution shall be effective from and after its date of passage. <br /> <br />PASSED AND APP~OVED this 10th day of January, 2005. <br /> <br />ATTEST: <br /> <br />/J'~ IJu/rn <br /> <br />Sherian Dixon, Assistant City Clerk <br /> <br /> <br />