HomeMy WebLinkAboutRES 39 YY39 y
A R E S 0 L U T I 0 N
WHEREAS, The City of Beaumont and First
Security National Bank of Beaumont, Texas,
entered into a two year contract dated
July 7, 1967, whereby it was provided .that
the said First Security National Bank of
Beaumont would pledge with the City Council
of The City of Beaumont certain securities
in lieu of giving bond as City Depository;
and,
WHEREAS, First Security National Bank wishes
to withdraw the following securities:
$1,600,000 U. S. Treasury Bonds of 1967/72,
22% Due 2-15-72, held under receipt No.
102273 covering $2,300,000; and,
WHEREAS, after this withdrawal, First Security
National Bank will have sufficient securities
still remaining pledged to protect the de-
posits of the.said City of Beaumont, Texas;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BEAUMONT:
That First Security National Bank of Beaumont be permitted to
withdraw the above described securities from First City
National Bank of Houston and a certified copy of this Reso-
lution shall constitute evidence of the authority of First
Security National Bank of Beaumont, Texas, to make said.
withdrawal.
1970.
PASSED by the City Council this 27th day of January,
- Mayor -