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HomeMy WebLinkAboutRES 87-203 WHEREAS,RE AS, the City has contracted with Texas Commerce Bank Beaumont as a depository for invest ment purposes; and, i _tai ~= 7: - Beaumont wishes~u t3 pledge�C �� � 1 ,E AS, _ following security with First Republic _.:zn.k of Dallas effective September 29, 1937: RECEIPT NO. DESCRIPTIOIT PA2 VALUE U. S. Treasury Note; 6-3/8%; 500,000.00 due 10/31 /83 and, UHEREAS, Texas Commerce 3ank - Deal.wont wishes to pleG e the securities, with a total oar value of $3,475, 000, listed an EA _1 33 t "A" attached hereto with Texas Commerce Dank - Houston, effective September 29, 1937 ; and, =REKS, Texas Commerce Bank - Deaumont wishes to release the securities, with a total par value of $10,320,000 , � ,14 listed Oil Exhibit "B" a t tc che6 hereto being held at lees Commerce Bank; T11E17Z7,-,FORIT], BE IT RESOLVED BY THE CITY COUMCIL OF THE CITY OF BEAUKONT: THAT Texas Commerce Bang - dOc?.L].mont be permitted t=ted to ..p1:3dge and release the above-described securities and a certified copy of tAis resolution shall constitute the approval of suck pledges =gin`, releases as evidence of the authority oC sail banks to ;Ei ke said. pledges and releases. AaSSED sY TITE CITY COU77CTT o4" '-he Ci'c.V Of 3E'c uflt ont 'mills ,.is y o 2 _ Exhibit "A" DESCRIPTION OF SECURITIES PAR VALUE Houston Sports Arena Rev, 5.60% due 12-1-87 75,000 Judson ISD U/T REFD, 5. 60% due 12-1-87 25,000 Livingston ISD U/T REFD, 5.50% due 12-15-87 30,000 Tyler ISD UT REFD, 6. 10% due 1-1-88 200, 000 Dallas CO RD U/T REFD, 4. 80% due 1-10-88 75, 000 Spring Branch ISD L/T ESC, 5.50% due 2-1-88 90,000 Cypress-Fairbanks ISD UT, 4. 80% due 2-1-88 50, 000 Baytown REFD Ser 75, 5. 75% due 2-1-88 50, 000 Terrell, 5. 40% due 2-1-88 35,000 Baytown REFD Ser. 75, 4.75% due 2-15-88 120,000 Ft. Worth REFD, 6. 25% due 3-1-88 100, 000 Westheimer RD Mud W&S Comb Rev. , 6. 00% due 4-1-88 45, 000 Webster, 4.75% due 4-1-88 50,000 Lubbock E1. & Pwr. Sys. Rev. , 4. 90% due 4-15-88 25 ,000 Irving ISD U/T REFD, 5 .40% due 6-1-88 75,000 Brownsville ISD Escrow to Mat DTD 6-15-71, 6. 30% due 6-15-88 40,000 Bryan Util Sys. Rev. SR71 RFD, 5. 00% due 7-1-88 300,000 Victoria Co JCD SR 73 , 4. 70% due 7-1-88 25,000 Galveston CO Wtr. Auth. Rev CNTRT Wtr. Rev. DTD 6-10-77, 5.10% due 7-10-88 140, 000 Beaumont Ww Sys. Rev. REFD Esc, 5.20% due 9-1-88 100, 000 North Texas Mun. Wtr. Dist. Rev. , 6. 00% due 9-1-88 175,000 Brookfield Mud Ww&Ss Rev, 5. 00% due 9-1-88 35,000 Beaumont Ww Sys Rev REFD Esc, 4.75% due 9-1-88 70,000 Houston Sports Arena Rev, 5. 60% due 12-1-88 75,000 Judson ISD U/T REFD, 5.60% due 12-1-88 50,000 Livingston ISD U/T REFD, 5.50% due 12-15-88 30,000 Cross Roads ISD U/T, 4. 90% due 1-15-89 55,000 Brazos R A Canal Rev, 6.25% due 2-1-89 100,000 Cypress-Fairbanks ISD UT, 4.80% due 2-1-89 50,000 Baytown REFD Ser 75, 5. 75% due 2-1-89 50,000 Terrell, 5.75% due 2-1-89 35,000 Plainview ISD, 4.70% due 2-15-89 175, 000 Harris Co FCD L/T, 6. 00% due 3-16-89 1,00,000 Carrollton--Farmers BR ISD UT, 5. 30% due 4-1-89 100, 000 Port of Houston Auth. Rev SR 77, 5 .50% due 5-1-89 100, 000 Galveston Co Wtr. Auth. Rev Cntrt Wtr. Rev. DTD 6-10-77, 5 . 20% due 7-10-89 155 , 000 Dallas Co L/T REFD, 4. 75% due 1-10-90 250 , 000 Corpus Christi REFD Gen Imp. , 4. 80% due 2-15-90 250, 000 Plainview ISD, 4 . 75% due 2-15-90 200, 000 Ft. Worth REFD, 5. 35% due 3-1-90 200, 000 Conroe ISD U/T REFD, 5 . 00% due 3-15-90 300, 000 Bryan Util Sys Rev SR71 RFD, 5 . 10% due 7-1-90 200, 000 Lower Colo Riv Auth Rev, 5. 00% due 11-1-90 500 , 000 Dallas Co L/T REFD, 4 . 80% due 1-10-91 250, 000 Plano ISD U/T REFD Ser 76, 5.70% due 2-15-91 200, 000 Lamar CISD U/T Ser 78, 4.75% due 2-15-91 260, 000 Corpus Christi REFD Gen Imp, 4. 80% due 2-15-91 250, 000 Plainview ISD, 4 . 80% due 2-15-91 250, 000 Clear Lake City Water Auth W&S Comb U/T & Rev 4 . 70% due 3-1-91 110, 000 Hurst-Euless-Bedford ISD U/T Escrowed to Mat, 6.00% due 3-15-91 75,000 Jersey Village WW Imp, 5.00% due 3-15-91 50,000 Port Dev Corp Paktank-Deer Park, 3 . 00% due 4-1-91 100,000 Alvin ISD U/T REFD, 4.80% due 4-1-91 100,000 Webster, 4.90% due 4-1-91 50,000 Texas A & M Galvstn Moody Hsng, 9. 20% due 4-1-91 115,000 Lubbock El & Pwr. Sys Rev, 5.00% due 4-15-91 25,000 Port of Houston Auth. Rev Sr 77, 5. 50% due 5-1-91 100,000 Galveston Co Wtr. Auth. Rev CNTRT Rev. DTD 6-10-77 5. 40% due 7-10-91 100,000 Glenshire Mud Assumed, 5. 00% due 8-1-91 60,000 North Texas Mun Wtr. Dist. Rev, 5. 10% due 9-1-91 175,000 Brookfield Mud WW&SS Rev, 5.00% due 9-1-91 35,000 Beaumont Ww Sys Rev REFD Esc, 4. 90% due 9-1-91 60,000 Houston Wtr. Sys Rev REFD SR 73 , 5.75% due 12-1-91 200, 000 Houston Sports Arena Rev, 5. 60% due 12-1-91 75,000 Judson ISD U/T REFD, 6. 00%, due 12-1-91 50,000 Livingston ISD U/T REFD, 6. 10% due 12-15-91 40,000 Dallas Co L/T REFD, 4.80% due 1-10-92 250, 000 Baytown REFD Ser 75, 5.75% due 2-1-92 50,000 Terrell, 6. 00% due 2-1-92 80,000 Plano ISD U/T REFD Ser 76, 5.85% due 2-15-92 200,000 Lamar CISD U/T Ser 78, 4. 90% due 2-15-92 260 ,000 $8,475,000. CITY OF BEAUMONT SCHEDULE OF COLLATERAL TEXAS COMMERCE BANK BEAUMONT RECEIPT DESCRIPTION NUMBER FACE VALUE ---------------------------- ---------- ------------ VELASCO DRAINAGE 72613 $80,000 5.00%, MATURITY 0210111989 LUBBOCK, TX 72604 $225,000 4.90%, MATURITY 04/15/1989 VELASCO DRAINAGE 72609 $80,000 5.00%, MATURITY 02/01/1990 FT WORTH, TX 72332 $150,000 5.35%, MATURITY 03/01/1990 CARROLLTON-FARMERS 72603 $200,000 4.70%, MATURITY 04/01/1990 LUBBOCK, TX 72602 $225,000 4.95%, MATURITY 04/15/1990 BEXAR COUNTY 72335 $100,000 6.00%. MATURITY 05/01/1990 HOUSTON, TX 72334 $400,000 5.40%, MATURITY 10/01/1990 FT. BEND ISD 72601 $320,000 7.00%, MATURITY 02/15/1991 JEFFERSON CO DRAIN DIST #7 72336 $250,000 5.80%, MATURITY 03/01/1991 FT. BEND CO. MUD 72331 $225,000 10.00%, MATURITY 03/01/1991 HARRIS CO. FLOOD 72330 $325,000 4.90%, MATURITY 04/01/1991 CARROLLTON-FARMERS 72605 $200,000 4.90%, MATURITY 04/01/1991 PINE TREE ISD 72610 $225,000 5.30%, MATURITY 04/15/1991 LUBBOCK, TX 72328 $225,000 5.00%, MATURITY 04/15/1991 SAN ANTONIO RIVER 72329 $205,000 10.00%, MATURITY 07/01/1991 Exhibit "B" CITY OF BEAUMONT SCHEDULE OF COLLATERAL TEXAS COMMERCE BANK BEAUMONT RECEIPT DESCRIPTION NUMBER FACE VALUE ---------------------------- ---------- ------------ NORTH TEXAS MUNI 72333 $350,000 5. 15%, MATURITY 09/01/1991 AUSTIN, TX 72611 $475,000 5.007., MATURITY 10/01/1991 WACO, TX W/S 369651 $100,000 9.75%, MATURITY 09/01/1995 UNIV OF TEXAS 381229 $440,000 5.257., MATURITY 04/01/1989 CHANNELVIEW ISD 25904 $150,000 5.60%, MATURITY 03/15/1995 IRVING REFD 25902 $100,000 5.00%, MATURITY 03/15/1995 CONROE ISD 25936 $175,000 6.20%, MATURITY 03/15/1995 LAKE JACKSON 25899 $100,000 6.00%, MATURITY 03/15/1995 EL CAMPO ISD 26590 $100,000 5.25%, MATURITY 04/01/1995 PLANO WS REV 25934 $60,000 5.20%, MATURITY 05/01/1995 HUMBLE ISD 26199 $190,000 6.40%, MATURITY 05/15/1995 IRVING WS REV 25921 $50,000 5.00%, MATURITY 06/15/1995 TEX A&M UNIV PUF 26196 $190,000 6.00%, MATURITY 07/01/1995 HOUSTON HOT REV 369263 $100,000 5.60%, MATURITY 07/01/1995 JUDSON ISD 26200 $100,000 5. 10%, MATURITY 08/01/1995 TRA REGIONAL WASTE WTR 26193 $100,000 5.80%, MATURITY 08/01/1995 CITY OF BEAUMONT SCHEDULE OF COLLATERAL TEXAS COMMERCE BANK BEAUMONT RECEIPT DESCRIPTION NUMBER FACE VALUE -------------------------- ---------- ------------ ROUND ROCK ISD 25935 $100,000 5.55%, MATURITY 08/01/1995 RICHARDSON WS REV 26198 $130,000 5.00%, MATURITY 09/01/1995 ANGLETON WS REV 26588 $20,000 6.50%, MATURITY 01/10/1996 GRAND PRAIRIE REFD 26592 $100,000 7.40%, MATURITY 01/15/1996 PLANO ISD REFD 26197 $200,000 6.30%, MATURITY 02/15/1996 FT BEND CO. LEVEE 25938 $110,000 10.00%, MATURITY 02/15/1996 PLANO WS REV 26596 $60,000 5.20%, MATURITY 05/01/1996 ADDISON REFD 26207 $175,000 5.00%, MATURITY 03/01/1996 U.S. TREASURY NOTES 82664 $1 ,500,000 7.25%, MATURITY 06/30/1990 ANGLETON W/S 57588 $35,000 4.75%, MATURITY 03/10/1988 AUSTIN TX HOUSING FIN CORP 308443 $85,000 9.40%, MATURITY 04/01/1996 BELTON ISD 381983 $135,000 5.20%, MATURITY 01/15/1992 COLLEGE STATION GO BONDS 82582 $25,000 5.70%, MATURITY 02/01/1989 CYPRESS FAIRBANKS 382005 $50,000 5.00%, MATURITY 02/01/1992 CYPRESS FAIRBANKS 382006 $50,000 5.00%, MATURITY 02/01/1993 CITY OF BEAUMONT SCHEDULE OF COLLATERAL TEXAS COMMERCE BANK BEAUMONT RECEIPT DESCRIPTION NUMBER FACE VALUE ---------------------------- ---------- ------------ DALLAS TEXAS W/S 306595 $100,000 9.25%, MATURITY 0410111992 DENISON W/S 124338 $25,000 6.80%, MATURITY 10/01/1990 GRAND PRAIRIE W/S 24776 $50,000 4.90%, MATURITY 03/01/1988 GRAND PRAIRIE W/S 370717 $155,000 5.55%, MATURITY 03/01/1994 HARRIS CO. HOSPITAL 276644 $100,000 6. 15%, MATURITY 12/15/1987 HARRIS CO. HOSPITAL 380052 $190,000 6.45%, MATURITY 12/15/1989 PLANO, TEX ISD 24228 $100,000 6.60%, MATURITY 02/15/1988 RICHARDSON TEX GO BONDS 24794 $160,000 5.60%, MATURITY 06/01/1988 RICHARDSON TEX GO BONDS 24301 $250,000 6.00%, MATURITY 02/01/1989 A & M CISD 24632 $100,000 5.30%, MATURITY 08/15/1989 CYPRESS FAIRBANKS ISD 24795 $100,000 5.60%, MATURITY 02/01/1990 $10,320,000