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<br />e e <br /> <br />VII. OTHER STIPULATIONS <br /> <br />A. The successful bidder will notify the Ci ty in wri ting wi thin ten <br /> <br /> <br />(10) days of any changes in Federal or State regulations or laws <br /> <br />that would thereafter affect the depository agreement. <br /> <br />B. Notification of wire transfers shall be made within one hour of <br /> <br /> <br />the transaction and a duplicate copy furnished to the City within <br /> <br /> <br />twenty-four hours. <br /> <br />C. The bank agrees to honor and continue any investments made during <br /> <br /> <br />the term of the depository contract that will mature after the <br /> <br /> <br />expiration date of the depository agreement at the same rate of <br /> <br /> <br />interest as investments maturing before the expiration of the <br /> <br /> <br />contract. <br /> <br />D. The bank I s records re la t ing to the Ci ty of La Porte accounts <br /> <br /> <br />shall be open to review by either City staff or City appointed <br /> <br /> <br />independent auditors. <br /> <br />E. The proposing bank should submit a copy of its last annual financial <br />statements and the subsequent quarterly supplements. <br /> <br />F. The term of the contract period will be for two years, beginning <br /> <br />January 1, 1986, and ending December 31, 1987, or until a successor <br /> <br /> <br />depository has been selected. <br /> <br />-16- <br />