HomeMy WebLinkAboutRES 83-005 sP- /,3-Ds
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 , 1981 ,
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 securities from the Federal Reserve
Bank of Dallas:
RECEIPT NO. DESCRIPTION PAR VALUE
HO62587 Cypress-Fairbanks ISD, 4 . 500 $ 50, 000 .00
due 2/1/83
HO59920 BrazosPort Jr. Coll, 5% 100 000 . 00
due 2/1/83
HO59862 Brazos River Auth. 6 . 25% 55,000. 00
due 2/1/83
HO59882 South San Antonio ISD, 7% 30 ,000 .00
and,
WHEREAS, the Texas Commerce Bank of Beaumont, Texas
wishes to withdraw the following securities from Texas Commerce
Bank-Houston, N.A. :
RECEIPT NO. DESCRIPTION PAR VALUE
167314 Alvin Junior College Dist. 5 . 15% $ 75 ,000. 00
due 2/1/83
172366 City of Baytown GO 5.75% 50 , 000 .00
due 2/1/83
087721 Magnolia ISD, 6 .90; due 2/1/83 30 000 .00
178277 Terrell Texas GO, 6 . 15% 30,000 .00
due 2/1/83
181096 US Treas. , 8% ; due 2/15/83 1 ,000,000. 00
and,
WHEREAS, after this withdrawal , Texas Commerce Bank of
Beaumont! Texas will have $43, 160,000.00 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 withdraw said securities.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the
//x44 day of 19
Mayor -
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