HomeMy WebLinkAboutRES 87-021 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 pledge
the following security with Texas Commerce Bank - Houston:
RECEIPT NO. DESCRIPTION PAR VALUE
College Station, 5.70%; due 2/01 /89 $ 25,000.00
Ft. Bend Co. Levee, 10.00%; 100,000.00
due 2/15/97
Texas National Guard Arm. , 6%: 100,000.00
due 4/01 /91
Missouri City, 5.60%; due 6/15/88 55,000.00
Arlington GO; 10.00%; due 2/01 /90 110,000.00
Belton ISD, 7%; due 1 /15/88 110,000.00
Belton ISD, 7%; due 1 /15/91 130,000.00
Houston Water, 5.75%; due 12/1 /87 100,000.00
North Texas, 4. 75%; due 9/1 /87 100,000.00
Texas National Guard Arm. , 6%; 100,000.00
due 4/01 /93
and,
WHEREAS, Texas Commerce Bank of Beaumont wishes to
release the following security being held at Texas Commerce Bank -
Houston:
RECEIPT NO. DESCRIPTION PAR VALUE
Dallas County JCD, 4.80%; $500,000.00
due 2/15/87
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT Texas Commerce Bank - Beaumont be permitted to pledge the
above-described security and a certified copy of this resolution
shall constitute the approval of such pledge and evidence of the
authority of said bank to make said pledge.
-a 1 2-/o - 0 7
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the /Ozle, day of 11-51- , 190,7
Mayor -
2 -