Municipal Depository for the City of Indianola, Mississippi

The City of Indianola, Mississippi, is seeking a municipal depository to serve for a term of 2 years. The selected financial institution will be responsible for keeping municipal funds and providing security for these funds as authorized by law. Bidders must comply with the laws of the State of Mississippi and certify that they are qualified to be a City Depository. The bids or proposals should include the kind of security proposed and the method of computing interest on the accounts. • The term of the municipal depository is for 2 years and thereafter until new arrangements are made in accordance with law. • Bidders must comply with the laws of the State of Mississippi, specifically Sections 27-105-305 and 27-105-353 of the Mississippi Code of 1972, as amended. • The bids or proposals should include the kind of security proposed and the method of computing interest on the accounts. • The City of Indianola reserves the right to reject any and all bids and to waive any irregularities in the bids.