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1997-001-RES WHEREAS, CITY COUNCIL DID ADVERTISE FOR BIDS
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1997-001-RES WHEREAS, CITY COUNCIL DID ADVERTISE FOR BIDS
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Last modified
8/18/2006 4:31:06 PM
Creation date
3/3/2006 10:20:04 AM
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CITY CLERK
Doc Name
1997-001-RES
Doc Type
Resolution
CITY CLERK - Date
1/13/1997
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<br />:< <br /> <br />List any service charges that will be levied against the City. NONE <br /> <br />1n addition to the normal services and supplies furnished by the depository <br />bank, the following services are standard and common to most depository <br />contracts. The following services are to be furnished at no charge to the <br />City of Paris: <br /> <br />Triplicate form Deposit Slips <br />Bond and Coupon Service <br />Parking Facilities <br />Saf~ Deposit Boxes <br />Coin Wrappers <br />Night Depository Service, including Bags and Keys <br />Traveler's and Cashier's Checks <br />Daily Balance on Each Account <br />Money Orders <br /> <br />Bidders are requested to submit any further concessions or services in the <br />space provided herein which they may want to offer to the City of Paris and <br />make any comment as further consideration in selecting the City's <br />Depository. <br /> <br />All monies which are deposited into the depository under the provisions of <br />this proposal shall be continuously secured, in accordance with the laws of <br />the State of Texas applicable thereto, by a valid pledge of par, exclusive <br />of accrued interest. at all tjfll_es.~.a~tJ~a~...~.q~~J.,.,1o.:~to~}...amount of <br />!Oney on oeposit in said severaT funds on deposit fn the depository. <br /> <br />.AJl time deposits or time Certificates of DeQosit which have not elapsed on <br />the termination date of the finally approved depository contract, shall <br />remain on deposit with the same depository under the same terms and <br />conditions in effect during said contfact until the date such time deposits <br />have elapsed. <br /> <br />Funds from Bond sales may be deposited in the City Depository or placed in <br />outside investments. <br /> <br />The City of Paris reserves the right to accept or reject any or all bids, <br />to waive formalities, and to accept the bid the City.considers the most <br />advantageous. The City also reserves the right to place or invest part or <br />all of any of its surplus or excess funds outside the designated <br />depository, in any manner permitted by law, from time to time throughout <br />the term of the contract. <br /> <br />BY: <br />T lTL E: <br />DATE: 12-2-96 <br /> <br />Cecil <br /> <br />%tCt\\lt\) <br />~ ~~~ <br />f$. . ~~GP?- <br />rt'l }.\t\ ttj~~S <br />C ?~\\\~ <br /> <br /> <br />iberty National Bank in Paris <br />
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