HomeMy WebLinkAboutRES 83-416 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 , N. A. , 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 Texas Commerce Bank
Houston, N.A. :
RECEIPT NO. DESCRIPTION PAR VALUE
352051 Port Dev Corp Marine Term PakTank- $ 75,000.00
Deer Park , 130 ; due 4/01/97
WHEREAS, after this withdrawal, Texas Commerce Bank of
Beaumont will have $ 9,910,000.00 pledged to protect the deposits of
the City of Beaumont 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 a 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
P
Mayor -
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