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HomeMy WebLinkAboutRES 06-079 RESOLUTION NO. 06-079 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the City Council hereby approves the pledge by Hibernia National Bank of the following security as collateral for City accounts which will be held at the Federal Reserve Bank, Atlanta, effective February 27, 2006. Cusip No. Description Face Value Market Value PLEDGE: 313597MZX4 FNMA, Due 07/03/08 $1,100,000.00 $1,096,147.80 PASSED BY THE CITY COUNCIL of the City of Beaumont this the 7'h day of March, 2006. _mew®o'vsey\ A. ` 10 Mayor Guy N. Goodson - iw 3.L r