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HomeMy WebLinkAboutRES 86-302 R E S O L U T I O N WHEREAS, the City has contracted with Texas Commerce Bank - Beaumont as a depository for investment purposes; and, WHEREAS, Texas Commerce Bank - Beaumont wishes to release the following security being held at Texas Commerce Bank - Houston: RECEIPT NO. DESCRIPTION PAR VALUE 018590 GNMA; 11. 50%; due 5/15/2013 $ 2,419,000.00 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT Texas Commerce 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 Nk;�4 day of 1986. Mayor -