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„ • NUTICE TO Bi ING INSTITUTIONS WITHIN THL C' ' OF PARxS. <br />Notice is hereby given that the Governing Body of the City of Paris, subject to , <br />the provision of Article 2559 to Article 2566A, Revised Civi1 Statutes of Texas, <br />as amended, wi11 receive Bids and Applications from all interested banking <br />institutions within the City of Paris to serve as prime depository of the City <br />of Paris and maintain custody of the fuuds of the Citp for a period of two years <br />from March 1, 1979 through February 28, 1981. Any such applications sha11 be . <br />delivered to the office of the City Glerk in the City Hall prior to 10c00 A. M., <br />February 7, 1979. <br />It is requested that each bank bid by fiYling in a11 blanks and agreeing to <br />the following specifications: • : • <br />INTEREST RATES <br />- : : . . <br />. , <br />, Rate. • . - _ - Undex $10U,00Q. . , <br />. . - $100,000. <br />. <br />Rate _ Effective.. <br />Yield 4~ - <br />0 - <br />1. Demand Deposits ' <br />2. Time Deposits <br />, <br /> <br />• . - <br />Multiple Maturities <br />. <br />30 days to 89 days <br />8.00% <br />-9:61% <br />same . <br />r 90 days to 1 year <br />8.00%* . <br />9.76% <br />same <br />1 year to 2 years : <br />8.00% : <br />.IO.OOq <br />same <br />Not <br />_ <br />Compounded when: <br />claxzv <br />compound <br />. <br />~ - - <br />- Fixed Maturities and/or C.D.'s <br />- 30 days to 89 days ' <br />8.00% <br />9.61% <br />samd` <br />90 days to 1 year <br />.8.00%* <br />9.76% <br />same <br />, <br />1 year ta 2 years <br />8.00% <br />10.00% <br />~ <br />same <br />Compounded when: <br />3. Charges . .o . <br />a.' Handl.ing checks and deposits <br />b. Handl.i.no tetaporary overdrafts <br />da.ili) Icorppqund I > <br />0 . <br />0 <br />c. Rate of interest on loans 6.00% <br />* In addition to the quoted rate, City wouZd have option of purchasing C/Ds <br />in minimum amounts of $10,000.00 with a 182-day maturity at the prevai.Zing <br />Treasvey BiII rate existing at the time of purchase. <br />EXHIBIT A - <br />