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i <br />. ctivo) <br />,at <br />JP►�%`7.199Z <br />CITY N1ANACER <br />rI PARIS, TEXAS <br />REIGL1V t-u <br />MG 3 1996 <br />BANKING INSTITUTIONS WITHIN THE CITY OF PARIS <br />Notice is hereby given that Governing Body of the City of Paris, subject to <br />the provision of Article 105, Revised Civil Statutes of Texas, as amended, <br />will receive Bids and Applications from all interested banking institutions <br />within the.City of Paris to serve as prime depository of the City of Paris <br />and maintain custody of the funds of the City for a period of two years <br />from March 1, 1997 through February 28, 1999. Any such application shall <br />be delivered to the office of the City Clerk in the City Hall Annex prior <br />to 3:00 P. M., December 3, 1996. <br />It is required that each bank bid by filling in all blanks and agreeing to <br />the following specifications: <br />Bank will pay to City interest on time deposits in accordance with the <br />following schedule: <br />Maturity. <br />7 -13 days <br />14 -29 days <br />30 -59 days <br />60 -89 days <br />90 -179 days <br />180 -365 days <br />Certificates of Deposit under 5100,000.00 <br />RATE <br />T -Bill <br />(- P -I*s)' <br />(Minus) <br />i5 <br />B'asic <br />Points <br />T -Bill <br />(-F- Ij.Ls) <br />(Minus) <br />15 <br />Basic <br />Points <br />T -Bill <br />(•44s) <br />(Minus) <br />7 5 <br />Basic <br />Points <br />T -Bill <br />(- P-14s) <br />(Minus) <br />15 <br />Basic <br />Points <br />T -Bill <br />( -P4*s) <br />(Minus) <br />15 <br />Basic <br />Points <br />T -Bill <br />(4144 -s) <br />(Minus) <br />15 <br />Basic <br />Points <br />Certificates <br />of Deposit <br />over 5100,000.00 <br />Maturity <br />RATE <br />7 -13 days <br />T -Bill <br />(Plus) (Minus) 0 <br />Basic <br />Points <br />14 -29 days <br />T -Sill <br />(Plus) (Minus) 0 <br />Basic <br />Points <br />30 -59 days <br />T -Bill <br />(Plus) (Minus) 0 <br />Basic <br />Points <br />' 60 -89 days <br />T -Bill <br />(Plus) (Minus) 0 <br />Basic <br />Points <br />90 -179 days <br />T -Bill <br />(Plus) (Minus)'o <br />Basic <br />Points <br />180 -365 days <br />T -Bill <br />(Plus) (Minus) 0 <br />Basic <br />Points .. <br />The City will be privileged to <br />use all investment services <br />offered <br />all <br />other customers. <br />The City will accept bids only <br />on the basis herein after described. <br />Rates bid must be tied to the Treasury. Bill rate effective at the.time the <br />certificate is to be purchased. The Bill rate basis to be used will be the <br />quoted yield in the Wall Street Journal for Bills most closely <br />approximating the maturity of the Certificate of Deposit to be purchased. <br />Bonds should be quoted either plus or minus a given.number of basis points <br />from the T -Bill yield. The Wall Street Journal to be used will be the <br />paper dated the same day the certificate is purchased. <br />Charges <br />y.. EXHIBITA <br />