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CONTRACT FOR BANKING SERVICES
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z THIS AGREEMENT made and entered into this day of�of th 6,_Z_e .
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1991, by and between the City of Jefferson, a municipal corporation e State o' @'
Missouri, hereinafter referred to as the "City" with offices at 320 E. McCarty,
Jefferson City, Missouri 65101, and Central Bank, hereinafter referred to as the
"Bank".
WITNESSETH:
THAT, WHEREAS, City desires to engage the Bank to render certain technical
and professional services hereafter described in connection with; and
WHEREAS,the Bank made certain representations and statements to the City 'A
with respect to the provision of such services and the City has accepted said.proposal
and is authorized by O di e of the City Council, of the City of
Jefferson, adopted «,.�.� va,p , 1991, to enter into a contract with the
Bank for the performances of services by the Bank.
4
NOW, THEREFORE, for the considerations herein expressed, it is agreed by
and between the City and the Bank as follows:
1. Scope of Services. The City agrees to engage the services of the Bank to
perform the services set out herein and as stated in the specification and bid proposal
for banking services and in Bank's proposal, copies of which are attached hereto and
are hereby incorporated as if fully set out herein.
2• Additions or Deletions to Services. The City may add to Bank services or
delete there-from activities of a similar nature to those set forth in paragraph 1,
provided that the total cost of such work does
not exceed the total cost allowance as
j specified in paragraph 6 hereof. The Bank shall undertake such changed activities
y only upon the direction of the City. All such directives and changes shall be in
written form and prepared and approved by the office of the Finance Director and
shall be accepted and countersigned by the Bank.
The Bank will perform any additional work requested by the City which is not
specifically covered in the scope of work as defined herein at a reasonable fee or
r compensation to be agreed to between the City and the Bank at the time any such
service may be required.
3. Existing Data. All information, data, and reports as are existing,
available and necessary for the carrying out of the work, shall be furnished to the
Bank without charge by the City, and the City shall cooperate with the Bank in every
reasonable way in carrying out the scope of services.
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t' .er•x;� ex `` s >rl`a��. }�t d+n�}�x'u�t ;7t l r� r T G'. •t St.h ort,r taj7• r, ra.r. �� r"}r r.�' ��ts� '•'`t?��,�Frr'k. } '
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w .�4 i'2L ����{-! t t Pr�:�' � s, `' :�ln ;• r.�r1. a � {Lip :,e.. r ;+ ,(r.z.. r r+� r �+4.'y t. !�
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4. Personnel To Be Provided. The Bank represents that Bank has or will
secure at its own expense, all personnel required to perform the services called for
under this contract by Bank. Such personnel shall not be employees of or have any
contractual relationship with the City except as employees of the Bank. All of the
services required hereunder will be performed by the Bank or under Bank's direct
supervision and all personnel engaged in the work shall be fully qualified and shall ,3
be authorized under state and local law to perform such services. None of the work
4# or services covered by this contract shall be subcontracted without the written
approval of the City.
7
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5. Term. This contract shall continence on the first day of November, 1991,
and continue until the thirty-first day of October, 1996, unless terminated earlier as .t
provided herein. ``
6. Compensation. The City will pay the Bank for the services rendered 1
according to the charges as set out in Bank's proposal.. 4.
7. Failure to Perform. Cancellation. If through an cause, the Bank shall
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fail to fulfill in timely and proper manner its obligations under this contract, or if the `
Bank shall violate any of the covenants, agreements, or stipulations of this contract, ':>
' the City shall thereupon have the right to terminate this contract by giving written #;
:' ?= notice to the Bank of such termination and specifying the effective date thereof, at
least five (5) days before the effective day of such termination. City or Bank may
P rior written notice.without cause terminate this contract upon 90 days P Y
. ' Notwithstanding the above, the Bank shall not be relieved of liability to the
City for damages sustained by the City by virtue of any such breach of the contract
by the Bank.
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8. Assignment. The Bank shall not assign any interest in this contract,
and shall not transfer any interest in the same (whether by assignment or novation),
without prior written consent of the City thereto. Any such assignment is expressly r
subject to all rights and remedies of the City under this agreement, including the
right to change or delete activities from the contract or to terminate the same as
' provided herein, and no such assignment shall require the City to give any notice to
any such assignee of any actions which the City may take under this agreement,
though City will attempt to so notify any such assignee.
9. Data. An reports, data or similar information
Any p given to or prepared or
' assembled by the Bank under this contract which the City requests to be kept as
t confidential shall not be made available to an individual or organization b the Bank
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without prior written approval of the City.
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10. Nondiscrimination. The Bank agrees in the performance of this contract
not to discriminate on the ground or because of race, creed, color, national origin or
ancestry, sex, religion, handicap, age, or political opinion or affiliation, against any
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employee of Bank or applicant for employment and shall include a similar provision
0"' in all subcontracts let or awarded hereunder.
Independent Contractor, The Bank is an independent contractor and
nothing contained herein shall constitute or designate the Bank or any of its agents h
or employees as agents or employees of the City.
12. Nonsolicitation. The Bank warrants that it had not employed or
retained any company or person, other than a bona fide employee working solely for
! the Bank, to solicit or secure this Contract, and that he has not paid or agreed.to pay
any company or person, other than a bona fide employee working solely for the Bank r
any fee, commission, percentage, brokerage fee, gifts, or any other consideration, , #
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contingent upon or resulting from the award or making of this Contract. For breach ;^
or violation of this warranty, the City shall have the right to annul this Contract
".F without liability, or, in its discretion, to deduct from the Contract price or
consideration, or otherwise recover the full amount of such fee, commission,
percentage, brokerage fee, gifts, or contingent fee.
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13. Books and Records. The Bank shall maintain all books, documents, .,r
s papers, accounting records and other evidence pertaining to costs incurred in
: F connection with this Contract, and shall make such materials available at its
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respective offices at all reasonable times during the Contract and for a period of three
(3) years following completion of the Contract.
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14. Notices. All notices required or permitted hereinunder and required to
be in writing may be given by first class mail addressed to City at 320 E. McCarty,
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Jefferson City Missouri 65101, and Bank at 238 Madison Street, Jefferson City,
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Missouri, 65101, date of delivery of any notice shall be the date falling on the second
^ full day after the day of its mailing.
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IN WITNESS WHEREOF the parties hereto have set their hands and seals on the
day and year first above written.
` CITY OF JEFFERSON, MISSOURI CONTRACTOR
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Ma r Title
ATTEST:
F. ity Clerk Title
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