HomeMy WebLinkAboutRES 89-008 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 securities being held at the Federal Reserve Bank -
Dallas/Houston Branch effective January 17, 1989:
RECEIPT NO. DESCRIPTION PAR VALUE
245374 Cypress Fairbanks ISD, @ 4.80%; $ 50,000.00
due 2/01 /89
245369 Terrell Tex GO, @ 5.75%; $ 35,000.00
due 2/01 /89
245367 Baytown Tex GO, @ 5.75%; $ 50,000.00
due 2/01/89
245376 Brazos River Auth, @ 6.25%; $100,000.00
due 2/01 /89
245428 Plainview ISD, @ 4.70%; due 1 /15/89 $175,000.00
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 securities and a certified copy of this resolution
shall constitute the approval of such releases as evidence of the
authority of said bank to make said releases.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of , 198y.
Mayor -