HomeMy WebLinkAboutRES 83-265 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, Texas:
RECEIPT NO. DESCRIPTION PAR VALUE
HO 59926 Lower Colorado River, 5 .25% $ 50,000. 00
due 5/1/84
HO 59932 Lower Colorado River, 5 .25% 100,000 .00
due 5/1/84
HO 59802 Eagle Pass ISD, 5 .90% 25,000 .00
due 7/1/84
HO 59803 Eagle Pass ISD, 5 .90% 25,000 .00
due 7/1/85
HO 63037 Victoria Co . College, 4 .60% 25 000 .00
due 7/1/84 '
HO 59923 Harris Co . Wtr. Control, 4 .50% 80,000.00
due 8/1/84
HO 59946 Dallas Ft. Worth Arpt. , 6 .15% 100,000.00
due 11/1/84
HO 59925 Dallas Ft . Worth Arpt. , 7 .00% 100,000 .00
due 11/1/84
HO 59928 Lower Colorado River, 5 .25% 150 000.00
due 11/1/84 '
HO 59963 City of San Antonio, 4 .50% 50 000 .00
due 12/1/84 '
HO 62589 Cypress-Fairbanks ISD, 4 .60% 50,000 .00
due 2/1/85
HO 59866 So . San Antonio ISD, 7 .00% 30,000 .00
due 2/1/85
HO 59903 Alice, Texas Go, 5 .625% 45,000 .00
due 3/1/85
HO 59840 Amarillo Arpt. , 5 .90% 100,000 .00
due 4/1/85
HO 61786 Irving ISD, 4 .750 375,000 .00
due 4/1/85
HO 62135 City of Dallas WW, 4 .900 120,000.00
due 4/1/85
HO 59997 Jeff. Co. Bridge, 4 .50% 140,000.00
due 4/15/85
HO 62264 Arlington ISD, 5 .25% 300,000.00
due 4/15/85
HO 63053 Lubbock Elec. , 4 .75% 25,000.00
due 4/15/85
HO 59962 Texas A & M Univ. , 6 .25% 45,000 .00
due 6/1/85
HO 63038 Victoria Co . Jr . Coll. , 4 .60% 25,000 .00
due 7/1/85
HO 59921 Harris Co. Wtr. , 4 .50% 120,000 .00
due 8/1/85
HO 59918 Pecos ISD, 4 .90% 50,000.00
due 8/1/85
HO 59878 Houston ISD, 3 .400 100,000.00
due 8/10/85
The securities being withdrawn from the Federal Reserve Bank of
Dallas, Texas are in the total amount of $2 , 230,000.00; and,
WHEREAS, after this withdrawal, the Texas Commerce Bank of
Beaumont, Texas will have $34,270, 000 .00 pledged to protect the
deposits of the said City of Beaumont, Texas, and this amount is
adequate.
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 O 3
- Mayor -
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