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<br />/ <br /> <br />\~r~ <br />\l.tCt IIC ~ '996 <br />\' 1 ,~Sl <br />~~\\ ' CITY MANAGER <br />1',~G~~ . pARIs. TEXAs <br />t~~ BANKING INSTITUTIONS WITHIN THE CITY OF PARIS <br /> <br />QECE\~f.O <br /> <br />cyr~ <br />?~ <br />Notice is hereby given that Governing Body of the City of Paris, subject to <br />the provision of Article 105, Revised Civil Statutes of Texas, as amended, <br />will receive Bids and Applications from all interested banking institutions <br />within the City of Paris to serve as prime depository of the City of Paris <br />and maintain custody of the funds of the City for a period of two years <br />from March 1, 1997 through February 28, 1999. Any such application shall <br />be delivered to the office of the City Clerk in the City Hall Annex prior <br />to 3:00 P. M., December 3,1996. <br /> <br /> <br />It is required that each bank bid by filling in all blanks and agreeing to <br />the following specifications: <br /> <br />Bank will pay to City interest on time deposits in accordance with the <br />following schedule: <br /> <br /> Certificates of Deposit under 5100,000.00 <br /> Maturity RATE <br /> 7-13 days T-B111 (.p~~) (Minus) 15 Bas i c Poi rig ,. <br /> 14-29 days T-B111 (.p~~) (Minus) 15 Basic Points <br /><- 3D-59 days T-B111 (.p~~) (Minus) 15 Basic Points <br /> 60-89 days T -Bill (.p~~) (Mi nus) 15 Basic Points <br /> 90-179 days T-Bi11 (.p~~) (Minus) 15 Basic Points <br /> 180-365 days T -Bill (.p~~) (Mi nus) 15 Basic Points <br /> '. Certificates of Deposit over 5100,000.00 <br /> Maturity RATE <br /> 7-13 days T-Bi11 (Plus) (Minus) 0 Basic Points <br /> 14-29 days T-Bill (Plus) (Minus) 0 Basic Points <br /> 30-59 days T-8i11 (Plus) (Minus) 0 Bas i c Points <br /> 60-89 days T-5i11 (Plus) (Minus) 0 Basic Points <br /> 90-179 days T-B111 (Plus) (Minus)'O Basic Points <br /> 180-365 days T-Bi11 (Plus) (Minus) 0 Basic Points <br /> <br />The City will be privileged to use all investment services offered all <br />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 Treasur~ Bill rate effective at the time the <br />certificate is to be purchased. The Bill rate basis to be used will be the <br />quoted yield in the Wall Street Journal for Bills most closely <br />.. 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 <br />from the T-Bill yield. The Wall Street Journal to be used will be the <br />paper dated the same day the certificate is purchased. <br /> <br />Charges <br /> <br />~ <br />I <br /> <br />EXHIBrr f\ <br />