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83-004 RES CITY COUNCIL DID ADVERTISE FOR BIDS IN ACCORDANCE WITH LAWS OF STATE OF TX AND CHARTER OF COP FOR CITY DEPOSITORY
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83-004 RES CITY COUNCIL DID ADVERTISE FOR BIDS IN ACCORDANCE WITH LAWS OF STATE OF TX AND CHARTER OF COP FOR CITY DEPOSITORY
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11/27/2017 4:26:58 PM
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CITY CLERK
CITY CLERK - Date
2/14/1983
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* In c3dG1t10C] i`,O l`.!]E.Si: CjUOt.t":'iu Y'<?tE'S I.;ity LIOU1.d 'tlaVe t."1e :?ptlOY] ;f 1C1VE.'Si`,l:lc, <br />in the following floating rate arrangemepts. <br />1. Money Market Account - this is a limited transaction account Lhat pays <br />a I'l3Y'kP.t ,"c3i,E? Ch3I1geCj WE'E;'zC;v. Thc; ra`.c D:"ild E'aC}l 11i'e'r: rrdOUl(j be !;O LE:S:> <br />than the coupon equivaler;t rate f'or 91-Day Tl°e a,ury Hills sold at a.uction <br />on Monday prior to the rate change E;ach `i uesday. i3ank niay pGiy a higher <br />rt te thun the 97-Day I3i11 raLe, hi.it, ir; no cL2e wotaJ.r± pay any less. <br />A $2,500.00 minimum is requircd. <br />Super Now Account - thirs is an ur.? inritcd ti ansactic,r <br />._lccount <br />tr3at pays <br />amarl;et rate cn anr;ed wee]<I y. I t <br />e rate paid Pact, nc <br />ei: would <br />be no lc ss <br />than the coupon equiva' ent rate f <br />or 91-1)ay Tr:, asury <br />Bil_1:, le <br />1 % sold <br />at auction or1 Mond<y prior to tt.o <br />rate cr> >,Ee on T=-i< <br /><<;_ . B <br />ani: m.xy <br />pay a higher rate than t,r,e 91-Day <br />:,iil r<::te. le ; i`-`,, <br />but iri <br />no ca_:,e <br />would pay any less. 11 12,500.00 <br />ir::imum ,_s requircd <br />. <br />3. 182-Day Money Market Certificatn of Deposit - rate t_r_,d ro r°ate paid <br />on 182-'Jay Treasury 3ills. $2y`jlj0.CO ;n=nir;um. <br />4. yl-llay Certificate of Deposit - rate ticci to raLe ,;aid on P1-Uay Treasury <br />Bil1s. ~00.Cr ~ rr,ini;T;ur.~~. <br />~ <br />5. Seven Day Not;icc: Cc.rtif icate of lieposit; - <br />rate <br />r:h<ant os wce6:]y on <br />thi:; <br />certifica'te but as rnir~icr:tin, rate <<~~::l1 hc <br />~ <br />Lhc: <br />~ <br />~~oar~ ~;c>.i <br /> <br />r:,~~,aivrale.7,, <br />* _ r <br /> <br />a:,.. <br />for 91 iiay 'reasury Bill__ plus lio°`. B"nY <br />ma,; <br />pav a <br />hip;rh<-r rrltr, <br />than <br />i.he 91-i;a`,' B1l.1 T'at:', ;)IUs 1/'i%y Ll:t, ln n0 C.a3e i:0!iid Gay aC:y .ies.,. <br />V2,500.00 Pii:"li[iiUm f'eCiUlY':'(i. <br />. ~ <br />. ,Ui, ! ' ~ <br />N0tE' I. , . `h~ 3C1 ~ c ~'t> 1.i. ~ 1 i C( lll~ L~10 Ul] ~ ~ ~ <br />, _ , <br />„ >l,.~.. O:1 .:t.' . <br />.~l`~'1 ._:(;!~~i .;Ill) G the F)c!l_lii7]Ct: <br />011 be].ow µ,1 ,5Ci0.00. <br />
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