1989-009-RES WHEREAS, CITY COUNCIL ADVERTSIED FOR BIDS

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Cha rges a. b. c. Handling Checks and Deposits(l) Handling Temporary Overdrafts Rates of Interest on loans Maximum loan limits Rates of Interest on Warrants Charges, if any, for furnishing all printed checks and vouchers based on City of Paris needs and specifications d. e. ll~ per check paid, $12.50 per account, $20.00 6~ per item deposited $15.00 per stop payment order NCNij Texas National Bank primei floating subject to normal credlt ~pprovaIs Negot1able Check and voucher charges passed through at cost In addition to the normal services and supplies furnished by the depository bank, the following services are standard and common to most depository contracts<,2) The following services are to be furnished at no charge to the City of Paris: Triplicate form Deposit Slips Paring Agent for Bonds Bond and Coupon Service Parking Facilities Safe Deposit Boxes Coin Wrappers Night Depository Service, including Bags and Keys Traveler's and Cashier's Checks Daily Balance on Each Account Money Orders Bidders are requested to submit any further concessions or services in the space provided herein which they may want to offer to the City of Paris and make any comment as further consideration in selecting the City's Depository. All monies which are deposited into the depository under the provisions of this proposal shall be continuously secured, in accordance with the laws of the State of Texas applicable thereto, by a valid pledge of direct obligations having a par value or market value when less than par, exclusive of accrued interest, at all times at least equal to the total amount of money on deposit in said several funds on deposit in the depos i tory. All time deposits or time Certificates of Deposit which have not elapsed on the terminati on date of the finally approved depos itory contract, sha 11 remain on deposit with the same depository under the same terms and conditions in effect during said contract until the date such time deposits have elapsed. Funds i from Bond sales may be deposited in the City Depository or outside investments at the option of the Depository. (1) Each depository checking account will be placed on analysis. A consolidated analysis will be used in assessing charges, if any. If the overall earnings credit exceeds the charges, then no fee is assessed. Return items are $1.50. Telephone advices are $5.00 each. Earnings credit is the four-week average of the ninety-one day T Bill rate appliea to the average collected balance less reserve requirements. Other services available are sorting checks by check number, account reconciliation and direct deposit of payroll. (2) Supply costs associated with furnishing free services not to exceed $1,000 during the tWn-~r^~y ~^~~~~^.