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518 RES COP ADVERTISED FOR APPLICATION FOR CITY DEPOSITORY
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518 RES COP ADVERTISED FOR APPLICATION FOR CITY DEPOSITORY
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11/30/2017 9:34:32 AM
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9/10/2012 2:07:42 PM
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CITY CLERK
CITY CLERK - Date
4/14/1952
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• OL <br />RESOLUfION N0. %1 8 <br />WHEREAS, the City of Paris duly advertised !or application <br />for City Depository in accordance with the provisions of Article <br />2559, Revised Civil Statutes of Texas; and, <br />t#EiEREAS, tti• application o`f The Liberty National Bank in <br />Paris was duly filed within the timo preseribed end eontained the <br />most iavorable terms and conditions for the handling of eity fuiads; <br />now, therefore, <br />BE IT RESOLVED BY INE CITY COUNCIL OF THE CITY W" PARIS: <br />l. 1'hat the appliaation of The Liberty National Bank fn <br />Paris !or City Depository be app'oved and that said <br />bank be, and it is hereby designated as City Depositor;y <br />ior the City of Psris for the easning two yeers beqisn-- <br />ing May 8, 1952, ana ending Wlay 7. 1954. <br />2. That J ^I,n 4', ri1 ? i&,m:.-., Jr . , Mayor of the City of <br />Paris, a, an e s ere y authorized to execate a <br />contract in behalf of said City a►ith said Bant pro- <br />vidinq for the payeient to the Citq of Paris of iaterest <br />at the rate of one per eent (lap per annum oa time <br />deposits which may be withdrewn a`iter five (5) days <br />notice to such Bank by the Direc~;,ax o~' Finance of the <br />City of Paris. ~3. That said bank sbA't qualify as City Depository by <br />p2edging securities with the City of Paris ia accordance <br />with Section D eUSrticle 2560* Revisea Cfvil Stetntes <br />if Texas* which secarities shall be deposited with the <br />Directar of Fieance of the City of Paris and by hi.m sa:te- <br />ly kept. All s*carities pledged to the City of Paris <br />• shall bc a@proved by the City Council as reqnired by <br />law. <br />Passed in regulac meeting of.the City Council of the City of Paris, <br />this the day of G4j--c-~. . A. D. 1952. <br />r <br />ATTES'f : <br />7 <br />cicy clerk <br />
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