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All time deposits or certificates of deposits which have not elapsed on the termination date of the <br />finally approved depository contract, shall 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 hive <br />elapsed. Funds fxom Bond sales may be deposited in the City depository or placed in outside <br />investments. <br /> <br />The City of Paris reserves the fight to accept or reject any or all bids, to waive formalities, and to <br />accept the bid the City considers the most advantageous. 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 /> <br /> The Liberty National Bank in Paris <br />NAME O~ ~, <br />BY: / ~ C_~ .~_~ <br />TITLE:Zairman <br />DATE: January 7, 2003 <br /> <br /> <br />