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<br />All time deposits or certificates of deposits which have not elapsed on the termination date of the <br />finally approved depository contract, shall remain on deposit with the same depository under the <br />same terms and conditions in effect during said contract until the date such time deposits have <br />elapsed. Funds from Bond sales may be deposited in the City depository or placed in outside <br />investments. <br /> <br />, <br />, <br />The City of Paris reserves the right to accept or reject any dr all bids, to waive formalities, and to <br />accept the bid the City considers the most advantageous. The City also reserves the right to place <br />or invest part or all of its surplus or excess funds outside the designated depository, in any <br />manner permitted by law, from time to time throughout the term of the contract. <br /> <br />NAME OF BAl')K. <br />~. (l~ <br />/ <br />TITLE: President <br /> <br />Libertv National Bank in Paris <br /> <br />BY: <br /> <br />~~;J <br />T <br /> <br />DATE: <br /> <br />12-29-00 <br /> <br />RECEIVED <br /> <br />JAN 02 2001 <br />ap:,~AGER <br />,=,s, TEXAS <br />