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177 <br />Y <br />NOTICE TO BANKING INSTITUTIONS WITHIIN To lF PAPIS <br />Notice is hereby oiven that Goyerni,ng Body of the City of Paris., subject <br />to the provision of Article 2559 to article 2566A, Revised Civil Statutes <br />of Texas, as amended, will receive Bids and Applications from all interested <br />banking institutions within the City of Paris to serve as prime depository <br />of the City of Paris and maintain custody of the funds of the City for a <br />period of two years from March 1, 1981 through February 28, 1983. Any <br />such applications shall be delivered to the office of the City Clerk in <br />the City Nall prior to 10:00 A. M., February 4, 1981, <br />It is requested that each bank bid by filling in all blanks and agreeing <br />to the following specifications: <br />INTEREST PATES <br />I. Demand Deposits <br />2. Time Deposits <br />N a t o r It i e_s_ <br />14 to 29. days <br />30 days to 89 days <br />90 days to I year <br />I year to 2 years <br />Compounded when: <br />Rate <br />Under <br />100,000. <br />$100,000— <br />& over <br />Rate <br />Effective <br />_ -- <br />Yield <br />8.00% <br />14.75% <br />8.00% <br />15.25% <br />— -8.00% �` y <br />15.75% <br />--8.00% <br />15.95% <br />— daily <br />not compound. <br />3. Charges <br />a, Handling Checks and Deposits 0 <br />b. Handling Temporary overdrafts 0 <br />c. Rates of interest on loans 8,00% <br />Maximum loan limit 600,000.00 <br />d. Rates of interest on warrants 8.00% <br />e. Charges, if any, for furnishing of all <br />printed checks and vouchers based on <br />City of Paris needs and specifications 0 <br />In addition to the normal services and supplies furnished by the depository <br />bank, the following services are standard and common to most depository <br />contracts. The City of Paris needs these services and expects them to <br />be furnished at no charge as a part of this proposal. <br />* In addition to the quoted rate, City would have option of purchasing C /Ds <br />in minimum amounts of $10,000.00 with a 182 -day maturity at the prevailing <br />money market certificate of deposit rate at the time of purchase. <br />EXHIBIT A <br />