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NOi IF„E TO gjV,jh:INC INSTITUTIONS UITHlN <br />~~otice i 1 hereby aiven that Goyc:rnirg Body o?F the Cit.,; of PariS., Sub,iect <br />to ihe provi si on o{- Arti cl e 2559 to Arti c l e?5b6A, REVi sed Ci vi 1 Statutes <br />of TexaS, as amended, will receive Bids and Ar;Plications from ali interested <br />banki ng i ns ti tutior;s wi thi n`he C i ty of Pari s t- serve 3s prime deposi tory <br />of the City of Paris and rTaintain custody of the runds of the City for a <br />period of two y:.~ars froni March 1981 thrOuqh F~bruary 28, 1983. Any <br />sur.h apnl i cariops snal1 be del i vered to the ofifi ce of the Ci ty Cl er•k i n <br />the City Hali prior to 10:00 A. M., February 4, 1982. <br />It is requested that each ban;; bid b_y tilling in a11 blanks and agreeinq <br />to the follcwing specifications: <br />NdTERLEST pQ,TES <br />Rate <br />1. Demarld Depos i ts <br />2. Time Deposi ts_ <br />.f~~l-~-:,-~i-~c- t•" d t U t' 1 t 1 t c <br />14 to~29 aays <br />30 days tc 89 days <br />90 cia, s to 1 ~year <br />i year tc 12, years <br />Connpounded when: <br />3. Charnes <br />lJ n d e r <br />~100,~~0. <br /> <br />& over <br />Rat:e <br />Effective <br />Yield <br />8.00% <br />8.00% <br />14.75% <br />15. 25 0 <br />8.00% _ <br />15.75% <br />8.00% <br />15,95% <br />_daily <br /> <br />not compounc.' <br />a, <br />Nana;ir~ca <br />Checks an~ De~~osits <br />o <br />b. <br />Hardlinn <br />;F,;npora~~~,f overdrafts <br />o <br />c. <br />Rates of <br />irterest on loans <br />8.00r <br />fllaxir,ium. <br />loan 1 imi t <br />600,000.00 <br />d. <br />2ates of <br />interest cn war°r°anzs <br />8.00% <br />e. <br />Char(les, <br />if an_y, for furnishing of all <br />printed <br />checks and vc,uchers basEd on <br />City ol' <br />Par-is needs and specificatiors <br />o <br />In addition ta the norr),al s-rvices and suPplies fur•rished by the depository <br />bank, the fol I ow7rq `ervices are standard and common to most depository <br />contracts. ihe City of ?ari~~~~ rieeds tnese services and expects them to <br />be furni shed a t no c.fiaroe as a ~ ~ ~ i r t of th i s:?ropGS a1 . <br />* In addition to the quoted rate, Ci.ty would tiave option of purchasing C/Ds <br />in miniraum amounts of $10,000.00 with a I82-day maturity at the prevailing <br />money market certificate of deposit rate at the time of purchase. <br />EXHIBIT A <br />RESOLU1t?ON NO. 2083 <br />