HomeMy WebLinkAboutRES 82-144 "e ea- iZ/�z
R E S O L D T I ON
WHEREAS, the City of Beaumont and Texas Commerce Bank of
Beaumont, Texas entered into a contract dated October 1, 19813
whereby it was provided that Texas Commerce 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, Texas Commerce Bank of Beaumont, Texas, wishes
to withdraw the following securities from the Texas Commerce Bank,
Houston, Texas;
Receipt No. Description Par Value
76512 $75M Richardson ISD School $ 753000. 00
Bldg. Bonds , 5%;
due 5/15/82
WHEREAS, after this withdrawal Texas Commerce Bank of
Beaumont, Texas, will have $47,325,000. 00 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 Texas Commerce 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 Texas Commerce Bank of Beaumont, Texas, to make said
withdrawal.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of _ 19 �
Mayor -