1987-017-RES WHEREAS, the City Council of the City of Paris, Paris, Texas, did heretofore advertise for bids in

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RECEiVED FEB 6 1937 .CITY MANAGEf~ Notice is hereby given that C,overning Body of the City of Paris, s~tmxAs the provision of Article 2559 to Art.icle 2566A, Fevised civil Statutes of Texas, as arrended, will receive Bids ane 1\pplications fran all interested banking institutions within the City of Paris to serve as prilre depository of the City of Paris and maintain custody of the funds of the City for a period of bOO years fran "'.arch 1, 1987 through February 28, 1989. My such application shall be delivered to the office of the City Clerk in the City Hall prior to 10:00 A. M., February 6, 1987. NCIl'ICE OF PJ\NI<ING INSTITIJTIONS WITHTIT ':'HB CITY OF PAFIS It is required- that each bank bid by filling in all blanks and agreeing to the following specifications: flank will pay to City interest on time deposits in accordance with the following schedule: Certificates of Dep:lsit under SlOO,OOO.OO Fate Maturitv . 7-13 days 14-29 days 30-59 days 60-89 days 90-179 days 180-365 days T-Bill (Plusl ~ T-Bill (Plus) ~ T-Bill (Plus) ~ T-Bill (Plus) ~ T-Bill (Plus)~) T-Bill (Plus) ~ 29 29 29 29 29 29 Basis Points Basis Points Basis Points Basis Points Basis Points Basis Points Certificates of Deposit over $100,000.00 Fate Maturity 7-13 days 14-29 Days 30-59 days 60-89 days 90-179 days 180-365 days T-Bill (PlUS) ~i:boo&l 34 Ba.sis Points T-Bill (Plus) ~ 34 Basis Points T-Bill (Plus) ~1A') 34 Basis Points T-Bill (Plus) ~ 34 Basis Points T-Bill (Plus) ~ 34 Basis points T-Bill (Plus) (M:ious<l 34 Basis Points In no event will the rate be less than that currently offered at t:iJre of purchase to any custC1!'er. The City will be privileged to use all investIrent services offered all other custaners. The City will accept bids only on the basis herein after described. Fates bid must be tied to the Treasury Bill rate effective at the tilre the certificate to purchased. The Bill rate basis to be used will be the quoted yield in the Wall street Journal for Bills nest closely approximating the maturity of the Certificate of Deposit to be purchased. Bids should be quoted either plus or minus a given number of basis points fran this T-Bill yield. The wall Street Journal to be used will be the paFCr dated the SaIre day the certificate is purchased. EXHIBIT "A"