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HomeMy WebLinkAboutRES 86-250 ��- .2-5- R E S O L U T I O N WHEREAS, the City has contracted with Interfirst Bank - Beaumont as a depository for investment purposes; and, WHEREAS, Interfirst Bank - Beaumont wishes to release the following security being held at the Federal Reserve Bank - Houston Branch: RECEIPT NO. DESCRIPTION PAR VALUE 912827SQ6 U.S . Treasury Note Y-87, $ 500,000.00 8.875%; due 8/31/87 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT Interfirst Bank - Beaumont be permitted to release the above-described security and a certified copy of this resolution shall constitute the approval of such release and evidence of the authority of said bank to make said release. PASSED BY THE CITY COUNCIL of the City of Beaumont this the day of ���c 9 I 1986. Mayor -