state of texas county of depository and banking …

STATE OF TEXAS

COUNTY OF

DEPOSITORY AND BANKING SERVICES CONTRACT

Th i s D e p o s i t o r y and Banking S e r v i c e s C o n t r a c t , h e r e i n a f t e r

r e f e r r e d t o as " C o n t r a c t " , i s made and e n t e r e d i n t o between t h e

C i t y o f , a Type A g e n e r a l law

m u n i c i p a l i t y , s i t u a t e d i n County, Texas,

h e r e i n a f t e r r e f e r r e d t o as " C i t y " , and

Bank, N.A., h e r e i n a f t e r r e f e r r e d t o as " ".

WHEREAS, t h e C i t y d e s i r e s t o o b t a i n b anking s e r v i c e s and a

d e p o s i t o r y f o r i t s funds and t o p r o v i d e f o r those funds t he hi g h e s t

l e v e l o f s a f e t y , l i q u i d i t y , and r e t u r n w h i l e r e c e i v i n g s u i t a b l e

b anking s e r v i c e s a t a reasonable charge;

WHEREAS, i s w i l l i n g t o p r o v i d e such banking

s e r v i c e s and t o a c t as a d e p o s i t o r y f o r C i t y funds w h i l e p r o v i d i n g

f u l l c o l l a t e r a l s a t i s f a c t o r y t o t h e C i t y ;

NOW, THEREFORE, i n c o n s i d e r a t i o n o f the mutual agreements and

covenants c o n t a i n e d h e r e i n , t h e C i t y and agree as

f o l l o w s :

I . BANKING AND DEPOSITORY SERVICES

agrees t o r e c e i v e and s a f e l y keep any and a l l

p u b l i c funds o f f e r e d f o r d e p o s i t by C i t y and t o reimburse and pay

same t o C i t y , by p a y i n g i t s d e s i g n a t e d o f f i c e r , o r whoever may be

l a w f u l l y e n t i t l e d t o r e c e i v e same upon r e q u e s t . agrees

C:\USERS\GARY\DOCOMENTS\SPRING BRANCH PROJECTXPINANCE CMMTTEEXDEPOSIIORY BANK SAMPLE CONTRACT.DOC/cli

t o p e r f o r m banking and d e p o s i t o r y s e r v i c e s o f t h e t y p e s and f o r

t h e charges as s p e c i f i e d i n E x h i b i t "A", "B", "C", "D", "E", "F",

"G", and "H", which are r e s p e c t i v e l y : (A) 's Terms and

C o n d i t i o n s o f Deposit Accounts; (B) 's D e p o s i t o r y Pledge

Agreement; (C) 's Treasury Management Services Agreement

w i t h Amendment f o r P u b l i c E n t i t i e s ; (D) R e s o l u t i o n No.

e s t a b l i s h i n g t h e C i t y o f 's Comprehensive

Investment P o l i c y ; (E) 's Master Agreement Regarding

C u s t o d i a l and R e l a t e d S e r v i c e s ; (F) 's Merchant S e r v i c e

Agreement; (G) CITY'S Request f o r A p p l i c a t i o n s ; and (H)

's Response t o t h e CITY'S Request f o r A p p l i c a t i o n s , a l l

o f which are a t t a c h e d h e r e t o and i n c o r p o r a t e d h e r e i n by t h i s

r e f e r e n c e . Should t h e r e be any c o n f l i c t between t h e terms o f t h i s

C o n t r a c t and any o f t h e terms o f t h e documents c o n t a i n e d i n any

E x h i b i t a t t a c h e d h e r e t o , t h e terms o f any a d m i n i s t r a t i v e r u l e s o f

, or o t h e r agreement between the C i t y and , the

terms o f t h i s C o n t r a c t s h a l l be f i n a l , c o n t r o l l i n g and b i n d i n g .

agrees t o accept stop payment ord e r s i s s u e d by the

C i t y v i a Quick Search s o f t w a r e . Such s t o p payment o r d e r s s h a l l

e x p i r e a f t e r one (1) year, however, t h e C i t y may choose t o renew

such s t o p payment o r d e r s , a t i t s d i s c r e t i o n .

I I . DESIGNATED OFFICER

The C i t y S e c r e t a r y and/or t h e D i r e c t o r o f Finance s h a l l be,

e i t h e r j o i n t l y o r i n d i v i d u a l l y , t he d e s i g n a t e d o f f i c e r t o serve as

2.

t h e p r i m a r y l i a i s o n between t h e C i t y and , and as t h e

d e s i g n a t e d o f f i c e r , may e x e r c i s e t h e powers and d u t i e s as

a u t h o r i z e d by a p p l i c a b l e law.

I I I . TERM, RENEWAL AND TERMINATION

T h i s C o n t r a c t s h a l l commence on t h e day o f

, 2016, and s h a l l remain i n f u l l f o r c e and e f f e c t f o r

a p e r i o d o f f i v e (5) y e a r s . However, t h i s C o n t r a c t may be extended

by m u t u a l agreement o f t h e C i t y and , t o remain i n f u l l

f o r c e and e f f e c t f o r a p e r i o d not t o exceed t h e p e r i o d a l l o w e d by

th e C i t y ' s Comprehensive Investment P o l i c y . Such p e r i o d s h a l l be

agreed t o by t h e p a r t i e s t o t h i s C o n t r a c t .

E i t h e r t h e C i t y o r may t e r m i n a t e t h e C o n t r a c t a t

any t i m e a f t e r one year, f o r any reason, by n i n e t y (90) days

w r i t t e n n o t i c e d e l i v e r e d by e i t h e r p a r t y t o t h e o t h e r a d v i s i n g t h e

o t h e r p a r t y o f i t s i n t e n t t o t e r m i n a t e t h e C o n t r a c t . This Contract

s h a l l a l s o be s u b j e c t t o t e r m i n a t i o n upon the f a i l u r e o f

t o cure a d e f a u l t . I f d e f a u l t s i n t h e performance o f

any o f the terms and c o n d i t i o n s o f t h i s C o n t r a c t , w r i t t e n n o t i c e o f

such d e f a u l t s h a l l be g i v e n , and s h a l l have t e n (10)

days from t h e date o f i n i t i a l n o t i c e w i t h i n which t o cure such

d e f a u l t . I f f a i l s t o cure t h e d e f a u l t w i t h i n such

p e r i o d o f t i m e , t h e n t h e C i t y s h a l l have the r i g h t w i t h o u t f u r t h e r

n o t i c e t o t e r m i n a t e t h i s C o n t r a c t . s h a l l be f u l l y

r e s p o n s i b l e t o pay t h e C i t y a l l a c t u a l damages caused by

's d e f a u l t . N o t h i n g h e r e i n s h a l l d e p r i v e t h e C i t y o f any

o t h e r l e g a l remedies i t may have t o e n f o r c e t h e terms o f t h i s

C o n t r a c t , i n c l u d i n g b r i n g i n g s u i t f o r damages o r e n f o r c i n g t h e

s p e c i f i c performance o f t h i s C o n t r a c t . However, n o t w i t h s t a n d i n g any

p r o v i s i o n t o t h e c o n t r a r y h e r e i n , s h a l l not be l i a b l e

f o r s p e c i a l , i n d i r e c t , o r c o n s e q u e n t i a l damages under t h i s

C o n t r a c t .

IV. NOTICES

A l l n o t i c e s s h a l l be i n w r i t i n g and d e l i v e r e d t o t h e p a r t i e s

a t t h e addresses l i s t e d below. Personal hand d e l i v e r y t o an

o f f i c e r a u t h o r i z e d t o r e c e i v e n o t i c e s o r the m a i l i n g o f the n o t i c e

by r e g i s t e r e d o r c e r t i f i e d m a i l , r e t u r n r e c e i p t requested, postage

p r e p a i d , s h a l l be s u f f i c i e n t s e r v i c e . The addresses o f the p a r t i e s

f o r n o t i c e purposes s h a l l be as f o l l o w s , unless n o t i f i e d o t h e r w i s e

i n w r i t i n g :

I f t o t h e C i t y :

C i t y o f A t t e n t i o n : D i r e c t o r o f Finance

I f t o :

Bank, N.A. A t t e n t i o n :

V. SECURITY FOR DEPOSITS

4.

A l l funds o f t h e C i t y which are on d e p o s i t w i t h

w i l l be i n s u r e d by t h e F e d e r a l Deposit Insurance C o r p o r a t i o n , t o

t h e e x t e n t p e r m i t t e d by law, and f u l l y and c o n t i n u a l l y secured,

i n c l u d i n g accrued i n t e r e s t , i n compliance w i t h t h e P u b l i c Funds

C o l l a t e r a l Act as i t p r e s e n t l y e x i s t s or i s h e r e a f t e r amended, and

i n compliance w i t h any o t h e r a p p l i c a b l e f e d e r a l , s t a t e , o r l o c a l

law o r r e g u l a t i o n , as amended, by p l e d g i n g c e r t a i n i n v e s t m e n t

s e c u r i t i e s ("Pledged S e c u r i t i e s " ) as c o l l a t e r a l t o t h e C i t y .

hereby g r a n t s t o t h e C i t y a s e c u r i t y i n t e r e s t i n , and

hereby pledges t o t h e C i t y t h e s e c u r i t i e s l i s t e d on E x h i b i t " I " ,

which i s a t t a c h e d h e r e t o and i n c o r p o r a t e d h e r e i n , and any

a d d i t i o n a l s e c u r i t i e s which may be pledged a t a f u t u r e date

p u r s u a n t t o t h i s C o n t r a c t t o secure any and a l l funds d e p o s i t e d by

t h e C i t y w i t h . Such Pledged S e c u r i t i e s s h a l l be

approved as t o t y p e and v a l u e by the governing body o f the C i t y o f

, Texas. The v a l u e o f t h e Pledged

S e c u r i t i e s w i l l be d e t e r m i n e d by t h e C i t y i n i t s reasonable

d i s c r e t i o n .

agrees t o m a i n t a i n t h e Pledged S e c u r i t i e s a t Bank

One Texas, N.A. a t D a l l a s , Texas or i t s successors pursuant t o the

terms o f t h e D e p o s i t o r y Pledge Agreement executed by t h e C i t y and

, such Agreement i s a t t a c h e d h e r e t o and i n c o r p o r a t e d

h e r e i n by t h i s r e f e r e n c e as E x h i b i t "B". The C i t y and

agree t h a t Bank One Texas, N.A., a t D a l l a s , Texas or i t s successors

s h a l l be t h e "Custodian Bank" f o r t h e purpose o f h o l d i n g and

5.

s a f e k e e p i n g s a i d Pledged S e c u r i t i e s . Said Custodian Bank s h a l l not

be owned o r c o n t r o l l e d by , i t s h o l d i n g company o r

a f f i l i a t e s or s u b s i d i a r i e s . Pledged S e c u r i t i e s w i l l be added,

r e l e a s e d , or s u b s t i t u t e d i n accordance w i t h t h e terms and

c o n d i t i o n s o f t h e t h i s C o n t r a c t , t h e D e p o s i t o r y Pledge Agreement,

and t h e Master Agreement Regarding C u s t o d i a l and R e l a t e d S e r v i c e s

executed between the C i t y , , and Bank One Texas, N.A., a t

D a l l a s , Texas, Custodian Bank.

I n a d d i t i o n t o t h e i n i t i a l l i s t o f Pledged S e c u r i t i e s

c o n t a i n e d h e r e i n as E x h i b i t " I " , s h a l l f u r n i s h t o t h e

C i t y a statement d e s c r i b i n g t h e Pledged S e c u r i t i e s h e l d i n

s a f e k e e p i n g by t h e C ustodian Bank on a t l e a s t a monthly b a s i s

commencing on October 1, 1997. The statement, a t a minimum, s h a l l

s e t f o r t h t h e par v a l u e , market v a l u e , i n t e r e s t r a t e , and m a t u r i t y

d ate o f each o f t h e Pledged S e c u r i t i e s . s h a l l m o n i t o r

t h e v a l u e o f t h e Pledged S e c u r i t i e s weekly and must i m m e d i a t e l y

n o t i f y t h e C i t y i n t h e event t h e amount o f C i t y funds on d e p o s i t

w i t h exceeds the market value o f the c o l l a t e r a l s e c u r i n g

such d e p o s i t s . Upon n o t i c e f r o m C i t y o f a d e f i c i e n c y ,

s h a l l i m m e d i a t e l y pledge a d d i t i o n a l a c c e p t a b l e c o l l a t e r a l t o make

up any d e f i c i e n c y between the C i t y funds on d e p o s i t w i t h

and t h e market v a l u e o f t h e Pledged S e c u r i t i e s .

agrees t o m a i n t a i n a s e p a r a t e , a c c u r a t e and

complete r e c o r d r e l a t i n g t o the Pledged S e c u r i t i e s and t r a n s a c t i o n s

r e l a t e d t o same, which s h a l l be a v a i l a b l e t o t h e C i t y f o r

e x a m i n a t i o n a t any and a l l reasonable t i m e s .

6.

s h a l l p r o v i d e t o t h e C i t y a statement o f i t s

f i n a n c i a l c o n d i t i o n ( " C a l l Reports") on a q u a r t e r l y b a s i s .

s h a l l a l s o p r o v i d e t o t h e C i t y t h e Chase Manhattan

C o r p o r a t i o n ' s annual f i n a n c i a l statements a u d i t e d by an independent

p u b l i c a c c o u n t a n t as t o i t s " f a i r r e p r e s e n t a t i o n " as p u b l i s h e d i n

th e "Chase Manhattan C o r p o r a t i o n Annual Report."

V I . INVESTMENT POLICY

I t i s t h e i n t e n t i o n o f t h e p a r t i e s h e r e t o t h a t the- C i t y s h a l l

r e t a i n t h e maximum f l e x i b i l i t y t o i n v e s t i t s funds p r u d e n t l y t o

earn t h e h i g h e s t r a t e o f r e t u r n c o n s i s t e n t w i t h t h e C i t y o f

Comprehensive Investment P o l i c y adopted by

th e C i t y C o u n c i l o f t h e C i t y o f , Texas by

R e s o l u t i o n No. , and c o n s i s t e n t w i t h o t h e r a p p l i c a b l e

laws.

V I I . NEW SERVICES

The C i t y may n e g o t i a t e new s e r v i c e s w i t h as deemed

necessary by t h e C i t y . The i n t e r e s t r a t e t o be earned, as w e l l as

t h e o t h e r terms and c o n d i t i o n s r e g a r d i n g t h e s e r v i c e w i l l be

m u t u a l l y agreed upon by t h e C i t y and . Any such new

s e r v i c e agreement w i l l be executed i n w r i t i n g as an addendum t o

t h i s C o n t r a c t .

V I I I . SEVERABILITY

7.

I f any t e r m or p r o v i s i o n o f t h i s C o n t r a c t i s h e l d t o be

i l l e g a l o r i n v a l i d , such i l l e g a l i t y o r i n v a l i d i t y s h a l l not a f f e c t

t h e r e m a i n i n g p r o v i s i o n s o f t h e C o n t r a c t , which r e m a i n i n g

p r o v i s i o n s s h a l l remain i n f u l l f o r c e and e f f e c t as i f t h i s

C o n t r a c t had been executed w i t h t h e i l l e g a l o r i n v a l i d p o r t i o n

t h e r e o f e l i m i n a t e d . I t i s hereby d e c l a r e d t h e i n t e n t i o n o f t h e

p a r t i e s t h a t they would have executed the remaining p o r t i o n o f t h i s

C o n t r a c t w i t h o u t i n c l u d i n g any such term, p r o v i s i o n , p a r t , p a r t s ,

o r p o r t i o n s which may, f o r any reason, be h e r e a f t e r d e c l a r e d

i l l e g a l o r i n v a l i d .

IX. INDEMNIFICATION

agrees t h a t i t and a l l o f i t s agents, s e r v a n t s ,

employees and independent c o n t r a c t o r s and s u b c o n t r a c t o r s w i l l use

due care and d i l i g e n c e i n a l l o f i t s or t h e i r a c t i v i t i e s and

o p e r a t i o n s a u t h o r i z e d under t h i s C o n t r a c t . agrees t o

defend, i n d e m n i f y and h o l d CITY, i t s o f f i c e r s , agents, and

employees, harmless a g a i n s t any and a l l c l a i m s , l a w s u i t s ,

judgments, c o s t s and expenses i n c l u d i n g c o s t s o f c o u r t and

a t t o r n e y ' s fees f o r p e r s o n a l i n j u r y ( i n c l u d i n g d e a t h ) , p r o p e r t y

damage o r o t h e r harm f o r which r e c o v e r y o f damages i s sought t h a t

may a r i s e out o f or be occasioned by 's i n t e n t i o n a l o r

n e g l i g e n t breach o f any o f t h e terms o r p r o v i s i o n s o f t h i s

C o n t r a c t , or by any o t h e r n e g l i g e n t a c t or omission o f ,

8.

i t s o f f i c e r s , agents, a s s o c i a t e s , o r employees, i n the performance

o f t h i s C o n t r a c t . C i t y w i l l p r o m p t l y f o r w a r d t o every

demand, n o t i c e , summons o r o t h e r process r e c e i v e d by C i t y i n any

c l a i m o r l e g a l p r o c e e d i n g c o n t e m p l a t e d h e r e i n . N o t h i n g i n t h i s

s e c t i o n s h a l l be deemed an a t t e m p t t o change o r m o d i f y i n any

manner whatsoever the method or c o n d i t i o n s o f p r e s e r v i n g , a s s e r t i n g

o r e n f o r c i n g any l e g a l l i a b i l i t y a g a i n s t t h e C i t y as r e q u i r e d by

the C i t y Charter, ordinances, or any law o f the S t a t e o f Texas. The

p r o v i s i o n s o f t h i s paragraph are s o l e l y f o r t h e b e n e f i t o f t h e

p a r t i e s h e r e t o and are not i n t e n d e d t o c r e a t e o r g r a n t any r i g h t s ,

c o n t r a c t u a l o r o t h e r w i s e , t o any o t h e r person o r e n t i t y .

X. NON-WAIVER

F a i l u r e o f e i t h e r p a r t y h e r e t o t o i n s i s t on t h e s t r i c t

performance o f any o f t h e p r o v i s i o n s h e r e i n o r t o e x e r c i s e any

r i g h t s o r remedies a c c r u i n g hereunder upon d e f a u l t o r f a i l u r e o f

performance s h a l l not be considered a waiver o f the r i g h t t o i n s i s t

on and t o e n f o r c e by any a p p r o p r i a t e remedy s t r i c t compliance w i t h

any o t h e r o b l i g a t i o n hereunder o r t o e x e r c i s e any r i g h t o r remedy

a c c r u i n g as a r e s u l t o f any f u t u r e d e f a u l t o r f a i l u r e o f

performance.

X I . ACCEPTANCE AND APPROVALS

Any acceptance o r a p p r o v a l by t h e C i t y , o r i t s agents o r

employees s h a l l not c o n s t i t u t e nor be deemed t o be a re l e a s e o f the

9.

r e s p o n s i b i l i t y and l i a b i l i t y o f , i t s employees, agents,

s u b c o n t r a c t o r s , o r s u p p l i e r s f o r t h e accuracy, competency, and

completeness f o r any r e p o r t s , i n f o r m a t i o n , o r o t h e r documents or

s e r v i c e s prepared o r performed pursuant t o t h e terms and c o n d i t i o n s

o f t h i s C o n t r a c t , nor s h a l l such acceptance o r a p p r o v a l be deemed

t o be an assumption o f such r e s p o n s i b i l i t y o r l i a b i l i t y by t h e

C i t y , o r i t s agents and employees f o r any d e f e c t , e r r o r o r omission

i n any r e p o r t s , i n f o r m a t i o n , o r o t h e r documents o r s e r v i c e s

p r e p a r e d o r performed by , i t s employees, agents,

s u b c o n t r a c t o r s , o r s u p p l i e r s p u r s u a n t t o t h i s C o n t r a c t .

X I I . CONFIDENTIALITY

A l l data r e l a t i n g t o C i t y ' s business p r o v i d e d t o by

C i t y , except f o r data t h a t i s p u b l i c l y a v a i l a b l e t h r o u g h no f a u l t

o f , w i l l be t r e a t e d c o n f i d e n t i a l l y and safeguarded by

, u s i n g t h e same care and d i s c r e t i o n t h a t i t uses w i t h

d a ta t h a t d e s i g n a t e s as c o n f i d e n t i a l , and

s h a l l s a f e g u a r d a l l funds and i n v e s t m e n t s o f t h e C i t y w h i l e such

funds o r i n v e s t m e n t s are i n t h e possession o f or under t h e c o n t r o l

o f _.

X I I I . CAPTIONS

10.

The c a p t i o n s o f t h i s C o n t r a c t are f o r i n f o r m a t i o n purposes

o n l y and s h a l l not i n any way a f f e c t t h e s u b s t a n t i v e terms and

c o n d i t i o n s o f t h i s C o n t r a c t .

XIV. RESERVATION

Pursuant t o Chapter 105 o f t h e Texas L o c a l Government Code,

the C i t y reserves t h e r i g h t t o c o n t r a c t w i t h o t h e r d e p o s i t o r i e s f o r

the d e p o s i t o r investment o f a p o r t i o n o f a v a i l a b l e p u b l i c funds o f

the C i t y .

XV. NON-ASSIGNMENT

Th i s C o n t r a c t s h a l l e x t e n d t o and be b i n d i n g upon t he p a r t i e s

and t h e i r r e s p e c t i v e successors and assignees; p r o v i d e d , however,

t h a t t h e C o n t r a c t may not be assi g n e d w i t h o u t t h e w r i t t e n consent

o f b o t h p a r t i e s .

XVI. ATTORNEY'S FEES

I f any a c t i o n a t law o r i n e q u i t y , i n c l u d i n g any a c t i o n f o r

d e c l a r a t o r y r e l i e f , i s br o u g h t t o e n f o r c e o r i n t e r p r e t t h e

p r o v i s i o n s o f t h i s C o n t r a c t , t h e p r e v a i l i n g p a r t y s h a l l be e n t i t l e d

t o r e c o v e r reasonable a t t o r n e y ' s fees from t h e o t h e r p a r t y , which

fees may be s e t by t h e c o u r t i n the t r i a l o f such a c t i o n or may be

e n f o r c e d i n a sepa r a t e a c t i o n brought f o r t h a t purpose, and which

fees s h a l l be i n a d d i t i o n t o any o t h e r r e l i e f which may be awarded.

X V I I .

11.

CONFORMANCE TO LAWS

Thi s C o n t r a c t and a l l o f the t r a n s a c t i o n s contemplated h e r e i n

s h a l l be governed by and c o n s t r u e d i n accordance w i t h t h e laws o f

th e S t a t e o f Texas, i n c l u d i n g a l l a p p l i c a b l e c o n s t i t u t i o n a l

p r o v i s i o n s , s t a t u t e s , c h a r t e r p r o v i s i o n s , o r d i n a n c e s , and

r e s o l u t i o n s . agrees t o f u l l y comply w i t h a l l a p p l i c a b l e

laws, i n c l u d i n g b u t not l i m i t e d t o th e Texas M u n i c i p a l D e p o s i t o r y

Law, TEX. LOC. GOV'T CODE ANN. sec. 105.001 e t seq., as amended,

the P u b l i c Funds Investment A c t , TEX. GOV'T CODE ANN. sec. 2256.001

e t seq., as amended, and t h e P u b l i c Funds C o l l a t e r a l A c t , TEX.

GOV'T CODE ANN. sec. 2257.001 e t seq., as amended.

X V I I I . VENUE

Pursuant t o Chapter 105 o f th e Texas L o c a l Government Code,

venue and j u r i s d i c t i o n o f any s u i t o r r i g h t o r cause o f a c t i o n

a r i s i n g under o r i n c o n n e c t i o n w i t h t h i s C o n t r a c t s h a l l be

e x c l u s i v e l y i n County, Texas, and any

c o u r t o f competent j u r i s d i c t i o n s h a l l i n t e r p r e t t h i s C o n t r a c t i n

accordance w i t h t h e laws o f t h e S t a t e o f Texas.

XIX. RELATIONSHIP OF PARTIES

No t h i n g c o n t a i n e d i n t h i s C o n t r a c t s h a l l be deemed o r

c o n s t r u e d by t h e p a r t i e s h e r e t o o r any o t h e r t h i r d p a r t y t o c r e a t e

t h e r e l a t i o n s h i p o f p r i n c i p a l and agent, p a r t n e r s h i p , j o i n t

12.

v e n t u r e , o r o f any o t h e r a s s o c i a t i o n whatsoever between t h e

p a r t i e s , i t being e x p r e s s l y understood and agreed t h a t no p r o v i s i o n

c o n t a i n e d i n t h i s C o n t r a c t nor any a c t o r a c t s o f t h e p a r t i e s

h e r e t o s h a l l be deemed t o c r e a t e any r e l a t i o n s h i p between t h e

p a r t i e s o t h e r t h a n t h e r e l a t i o n s h i p o f C i t y and De p o s i t o r y Bank as

those terms are und e r s t o o d h e r e i n .

EXECUTED t h i s day o f , 199 .

THE CITY OF , TEXAS

BANK, N.A.

By: By: , PrintedName

Mayor T i t l e :

ATTEST: ATTEST:

By: By: PrintedName

C i t y S e c r e t a r y T i t l e :

13.