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HomeMy WebLinkAboutRES 93-271 9 -a 7/ RESOLUTION 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 Bank One-Dallas effective November 2, 1993: RECEIPT NO. DESCRIPTION PAR VALUE 36216OG23 GNMA, Pool No. 179417 $830,000.00 9.00%, Maturity 12/15/2016 362160NV1 GNMA, Pool No. 179604 $500,000.00 9.00%, Maturity 11/15/2016 362160VX8 GNMA, Pool No. 179830 $500,000.00 9.00%, Maturity 10/15/2016 362160YE7 GNMA, Pool No. 179909 $979,509.00 9.00%, Maturity 11/15/2016 362161TN1 GNMA, Pool No. 180657 $7001000.00 9.00%, Maturity 10/15/2016 362162RP6 GNMA, Pool No. 181494 $500,000.00 9.00%, Maturity 12/15/2016 362162ZH5 GNMA, Pool No. 181744 $2,000,000.00 9.00%, Maturity 10/15/2016 362164GU3 GNMA, Pool No. 183011 $1,0007000.00 9.00%, Maturity 10/15/2016 362164MN2 GNMA, Pool No. 183165 $480,000.00 9.00%, Maturity 2/15/2017 362165U91 GNMA, Pool No. 184308 $1,000,000.00 9.00%, Maturity 10/15/2016 RECEIPT NO. DESCRIPTION PAR VALUE 362167MY1 GNMA, Pool No. 185875 $98500.00 9.00%, Maturity 5/15/2017 36216LC88 GNMA, Pool No. 167595 $1,002,561.00 9.00%, Maturity 7/15/2016 36216LRA7 GNMA, Pool No. 167981 $11000,000.00 9.00%, Maturity 6/15/2016 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 release as evidence of the authority of said bank to make said release. PASSED BY THE CITY COUNCIL of the City of Beaumont this the�— day of _' 1993. - Mayor -