HomeMy WebLinkAboutRES 87-117 R E S 0 L U T 1 0 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,
effective June 8, 1987:
RECEIPT NO. DESCRIPTION PAR VALUE
U.S. Treasury Note, 6.75%; $ 50,000.00
due 9/30/90
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.
PASSED BY T CITY COUNCIL of the City of Beaumont this
the day of 1987.
Mayor
PP.0-TrtA
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