1985-018-RES WHEREAS, the City Council of the City of Paris, Paris, Texas, did heretofore advertise for bids in

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NOTICE OF BANKING INSTITIITIONS WITHIN THE CITY OF PARIS Notice is hereby given that Governing Body of the City of Paris, subject to the provlslon of Article 2559 to Article 2566A, Revised Civil Statutes of Texas, as amended, will receive Bids and Applications from all interested banking institutions within the City of Paris to serve as prime depository of the City of Paris and maintain custodv of the funds of the City for a period of two years from March 1, 1985 through Februarv 28. 1987. Any such application shall be delivered to the office of the City Clerk in the City Hall prior to 10:00 A. M., February 20,1985. It is required that each bank bid by filling in all blanks and agreeing to the following specifications: Bank will pay to City interest on time deposits in accordance with the following schedule: Maturity Certificates of Depos it under $100,000.00 -- I Rate T -Bi 11 (Plus)( in s) ?'l- Basis Points T -Bi 11 (Plus) (M" s) ~"Y Basis Points T -Bill (PI us) (Mi s) ';-v Basis Points T -Bi 11 (Plus)(Mi ) ,,, Basis Points T -Bi 11 (Plus) (Mi u ) ;v Basis Points Certificates of Deposit over $100,000.00 Rate T -B ill (Plus){tli"I1~) 77 Basis Points T -Bill (Plus)(t1il,I1S) 77 Basis Points T -Bi 11 (Pl us) (t1i R113) 7? Basis Points T -Bi 11 (Pl us) (Mi AI1S) 77 Basis Points T -Bi 11 (Plus)tMiRw.)- 77 Basis Points 14-29 days 30-59 days 60-89 days 90-179 days 180-365 days Maturity 14-29 days 30-59 days 60-89 days 90-179 days 180-365 days In no event will the rate be less than that currently offered at time of purchase to any customer. The City wi 11 be previl i Qed to use a 11 investment servi ces offered a 11 other customers. The City will accept bids only on the basis herein after described. Rates bid must be tied to the Treasury Bill rate effective at the time the certificate is purchased. The Bill rate basis to be used will be the quoted yield in The Wall Street Journal for Bills most 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 from this T-Bill yield. The Wall Street Journal to be used will be the paper dated the same day the certificate is purchased. RECEIVED FEf3 2, 0.. CITY MANA. '" \..:l''c''e PAllIS, TEXAS .