HomeMy WebLinkAboutRES 06-353 RESOLUTION NO. 06-353
WHEREAS, the City has contracted with Capitol One Bank as a depository for
investment purposes; and,
WHEREAS, the City has authorized Capitol One to pledge certain security to be
held at the Federal Reserve Bank effective November 13, 2006; and,
WHEREAS, Capitol One wishes to release the following security being held at the
Federal Reserve Bank:
CUSIP No. Description Face Value Market Value
RELEASE:
3136F7MKO FNMA, Due 11/14/08 $500,000,000 $499,554.75
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT Capitol One Bank be permitted to release the above security 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 21st day of
November, 2006.
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yj1�, - Mayor Guy N. Goodson -
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