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v � <br />RECERIED <br />DEC 2 9 1998 <br />NOTICE OF BANKING INSTITURM <br />KI AEMN THE CITY OF PARIS <br />r-- Notice is hereby given that Governing Body of the City of Paris, subject to the provision of <br />Article 105, Revised Civil Statutes of Texas, as amended, will receive Bids and Applications <br />from all interested banking institutions within the City of Paris to serve as prime depository of <br />the City of Paris and maintain custody of the funds of the City for a period of two years from <br />March 1, 1999 through February 28, 2001. Any such application shall be delivered to the <br />office of the City Clerk in the City Hall Annex prier to 3:00 P. M., December 29th, 1998. <br />It is required that each bank bid by filling in all blanks and agreeing to the following <br />specifications: <br />Bank will pay to City interest on time deposits in .Ircordance with the following schedule: <br />Certificates of Deposit under $100.000.00 <br />Maturity RATE <br />7 -13 days <br />T -Bill' (Plus) (fits) 35 Basic Points <br />14 -29 days <br />T -Bill (Plus) (MR-3.5—Basic Points <br />30 -59 days <br />T -Bill (Plus) (9AM) 35 Basic Points <br />60 -89 days <br />T -Bill (Plus) (lfijj 35 Basic Points <br />_ 90 -179 days <br />T -Bill (Plus) (lA�iix�j�Basic Points <br />180 -365 days <br />T -Bill (Plus) (Min., 1 35 Basic Points <br />Certificates of Deposit over $100,000.00 <br />Maturity RATE <br />7 -13 days <br />T -Bill (Plus) (MM4 <br />S0 <br />Basic Points <br />14 -29 days <br />T -Bi;! (Plus) (lid <br />50 • <br />Basic Points <br />30 -59 days <br />T -Bill (Plus) (1t <br />50 <br />Basic Points <br />60 -89 days <br />T -Bill (Plus) (1OUD <br />50 <br />Basic Points <br />90 -179 days <br />T -Bil! (Plus) (112MM <br />50 <br />Basic Points <br />180 -365 days <br />T -Bi.l' (Plus) (NgW <br />50 <br />Basic Points <br />The City will be privileged to use all investment ser ;,ices offered all other customers. <br />The City will accept bids only on the basis herein i'ter described. <br />Rates bid must be tied to the Treasury Bill rate +affective at the time the cfartificate is to be <br />purchased. The Bill rate basis to be used will be tl to quoted yield in the Wall Street Journal for <br />Bills most closely approximating the maturity of he Certificate of Deposit to be purchased. <br />Bonds should be quoted either plus or minus a given number of basis points from the T -Bill <br />EXHIBIT A <br />