HomeMy WebLinkAboutRES 82-210 /r-'_ (;p- .2-/e)
R E S O L U T I O N
WHEREAS, the City of Beaumont and the Texas Commerce
Bank of Beaumont, Texas, entered into a contract October 1, 19813
whereby it was provided that the 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, the Texas Commerce Bank of Beaumont, Texas,
wishes to withdraw the following security from the Federal Reserve
Bank of Dallas, Texas :
RECEIPT NO. DESCRIPTION PAR VALUE
H063035 Victoria Co. Jr. College $ 25,000. 00
GO Bonds 4.50% due 7-1-82
WHEREAS, after this withdrawal, the Texas Commerce Bank
of Beaumont, Texas, will have $48,905,000. 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 the Texas Commerce Bank of Beaumont, Texas, be permitted to
withdraw the above-described security, and a certified copy of this
resolution shall constitute evidence of the authority of the Texas
Commerce Bank of Beaumont, Texas, to make said withdrawal.
Q'',� / PASSED BY THE CITY COUNCIL of the City of Beaumont this
the �f TL' day of 19 �a
- Mayor -