HomeMy WebLinkAboutRES 81-132 R E S O L U T I O N
.P- 'P/- /9 0-
WHEREAS, the City of Beaumont and the American
National Bank of Beaumont, Texas, entered into a contract
September 25, 1979, whereby it was provided that the American
National Bank of Beaumont, Texas, would pledge with the City
Council of the City of Beaumont certain securities in lieu of
giving bond as City Depository; and,
WHEREAS, the American National Bank of Beaumont,
Texas, wishes to withdraw the following securities from the
Texas Commerce Bank of Houston, Texas:
RECEIPT NO. DESCRIPTION PAR VALUE
214178 Webster Texas Pub. Imp. Bonds $50,000.00
due 4-1-1981 5.40%
177757 Westheimer Road Mud WW & SS UT 25,000.00
& Rev Bonds 6 .00% due 4-1-1981
WHEREAS, the American National Bank of Beaumont,
Texas, wishes to withdraw the following securities from the
Federal Reserve Bank of Dallas, Texas:
HO63049 City of Lubbock Elec Lgt & Pwr 25,000.00
Rev Bonds 4.55% due 4-15-1981
HO59844 City of Greenville, Texas Water 30,000.00
& SSY Ele 6 . 50% due 4-1-1981
and,
WHEREAS, after these withdrawals the American
National Bank of Beaumont, Texas, will have $34,865,000 pledged
to protect the deposits of the said City of Beaumont, Texas.
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the American National Bank of Beaumont, Texas, be
permitted to withdraw the above-described securities, and a
certified copy of this resolution shall constitute evidence of
the authority of the American National Bank of Beaumont, Texas,
to snake said withdrawals.
PASSED BY THE CITY COUNCIL of the City of Beaumont
this the 441 day of yy7� , 1980 .
Mayor