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<br /> 54 <br /> EXHIBIT "B" <br /> DEPOSITORY CONTRACT TO SECURE <br /> FUNDS OF CITY OF SAN 14ARCOS, TEXAS <br /> The City of San .f\larcos, Texas, a municipal corporation <br /> located in Hays and Caldwell Counties, Texas, existing by and <br /> under the laws of the State of Texas, acting through authority <br /> conferred on its Mayor,Ernmie Craddock, by resolution duly adopted <br /> on July 11, 1983, hereinafter "City" and Hays County National <br /> Bank , a banking institution doing business <br /> within the City of San Marcos, hereinafter "Depository", hereby <br /> enter into this Depository Contract To Secure Funds Of City Of <br /> San Marcos, Texas, pursuant to the following terms and conditions: <br /> I. <br /> The term of this Contract shall be for a period beginning <br /> October 1, 1983, and ending September 30, 1985. <br /> II. <br /> Depository agrees to pay the amount of interest and provide <br /> spch other services as are indicated in the City of San Marcos, <br /> Texas, Bank Depository Official Application/Bid Form submitted <br /> by Depository, a copy of which is attached hereto as "Exhibit A" <br /> and incorporated herein for all intents and purposes. <br /> III. <br /> City elects to require a pledge of approved securities <br /> rather than a bond. Such securities shall be pledged by the <br /> Depository in an amount equal to the amount of said City funds <br /> on deposit in said Depository from time to time during the <br />