Laserfiche WebLink
Bidders are requested to submit a list of any further concessions or services in the space provided <br />below which ihey may want to offer to the City of Pazis and make any comment as further <br />consideration in selecting the City's depository. If needed, please add additional pages. <br />All monies which are deposited into the depository under the provisions of this proposal shall be <br />continuously secured, in accordance with the laws of the State of Texas applicable thereto, by a <br />valid pledge of par, exclusive of accrued interest, at all times at least equal to 102% of the <br />amaunt of money on deposit in said severa! funds on deposit in the depository. <br />All time deposits or certificates of deposits which have not elapsed on the termination date of the <br />finally approved depository contract, shal! 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 &om Bond sales may be deposited in the City depository or placed in outside <br />investments. <br />The City of Paris reserves the right to accept or reject any or all bids, to waive formalities, and to <br />accept the bid the City cvnsiders the most advanta�eous. 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 />The undersigned bank official represents that he is authorized by the Bank's Boazd of Directors <br />to sign this document and legally obligate the Bank to the terms stated in this agreement. <br />NAME OF BANK: Guaranty Bond Bank <br />BY: Kenny Dority <br />TITLE: President <br />DATE: January 4, 2013 <br />