HomeMy WebLinkAboutRES 45 YYi5-
A R E S O L U T I O N
WHEREAS, The City of Beaumont and the American National Bank
of Beaumont, Texas; entered into a contract dated July 1, 1969, whereby
it was provided.that the said American 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, the American National Bank.of Beaumont wishes to
pledge
--the following
additional
securities:
Description
Rate
Maturity
Dallas, Tex.. W/S Rev.
Fort Worth, Tex. Air.
Tarrant Co. Coll. Dist.
Houston, Tex. Pub. Imp.
Spring Branch ISD Sch.
Houston, Tex. ISD.Sch.
Lubbock, Tex. G. 0.
State, Tex. Coll.Tax.Bd.
Wichita Falls, Tex. GO.
Tyler, Tex. W/S Rev.
Dallas, Tex. W/S 'Rev.
Dallas Co. Rd. Bd.
Mesquite, Tex. ISD Sch.
3.35%
3.30%
3.25%
3.40%
3.25%
3.20%
3.40%
3.20%
3.00%
3.75%-
3.35%
3.00%
5.00%
4-1-80
3-1-80
6-1-79
2-1-78
11-1-77
8-.10-77
3-15-75
9-1-74
2-15-74
4-1-72
10-1-80
4-10-72
6-1-71
$25', 000:..00
45,000.00
50,000.00
50,000.00
28,000.00
35,000.00
40,000.00
85,000.00
50,000.00
30,000.00
35,000.00
15,000.00
20,000.00
Receipt #
184261
184499
178944
157963
178091
176668
175876
175363
183014
177939
184260
183013
17932
The total above securities, being pledged being in-the.sum-of $508,000.00;
and;
WHEREAS, after this additional pledge, the American.National
Bank of Beaumont will have sufficient securities pledged to protect
the deposits of the said City of Beaumont, Texas;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BEAUMONT:
That the American National Bank of Beaumont be permitted to pledge the
additional above described securities with the Republic National Bank
of Dallas and a certified copy of this resolution shall constitute
evidence of -the authority.of the American National Bank of Beaumont,
Texas, to make said additional pledge.
PASSED by the City Council this 10th day of February, 1970.
rl ,.Jv 'v ,T1G_�� TO yPTJ JIv 'T1O!"T'_ L' ,{ r.r- ,n �.
_ �T. G �n�L4 T n CCEPT CERTAIN
S:_y r EPlNG L0-lq,76
line a:`_ s =the undersigl:ed DaDosito�ry 'rias.'.,b =n dL lly ai^.'C� legal-
-as
CGl'.S��natGd� anCl
u.^_7C, u'Il t-hin^'s and perf orl(:ed a`ll ac' n' ^ .0 y t0 qualify as the K R,
�s �e„eSsar y �e public
e1)-isL'viD"y vi the f ;-nuS o t__e undeI^si-ned depositor s ° and
to securethe funds depositbd with i t-, the Depository has in'
or ain-,,Je with law pledged with thb Dbpositor the following securities:
DESCRIPTIGNPAR VALUE
SEE REVERSE
CITY 'OF
nTTm
American National Bank of
teas, the securities placid _', , e =..g Wi th the', e-om-,b!ic i�tio;,a'1 Bank of Da77as
-hie requirements
of _. ✓'� r r
_
are hereby approved, and;
-`n-is is to certify that '�.; �._-•_ .:_or vpi_: .Qsolution was duly passed by
City_ of Beaumont �c ~��at a meeting
opez,y .held on, she �� �:— Februar�`�, the undersigned
,.abets, who cons L_tutd J-. 1 ru., raall of which fully appears in
:e inutes of said mc-St�.r_,- .
_ : G Clerk
rbe= s o_ -he :o r'e�_._i:- ✓o, y Y• � _ g-�N oras appear below were present a
_JC.+' a �. t
ii.e 'ting refer --ed to r, , c, 8 :.? f
v
;`?R6 t cei
P #
De Lption
`Maturity
.q_Sr
Rate
�Amoun �
184261.
184499
Dallas, Tex. W/S'- Rev_..
Fort Worth, Tex. Air.
3 a35�
3.30
4-1-80.; "
25;000.00
1789 44
157963
Tarrant Co. Coll-. Dist
Houston, Tex, Pub. m
I P
.3.25
3.40
3-1-80
6-1= '
79�' ''
°.45.000.00
50,000.00
178091
176668`
Spring Branch ISD'Sch.
Houston, Tex. ISD
3.25%
2-1-78
8110-77
5o,000.00
28,000.00
175363 `
Sch-.
Subbock,Tex. - G. 0.
3 040
77
3-15-75
i,.35,0oo.00
183014
177939;
tate,Tex. Co11.Tax:Bd,3,200
Wichita Falls,Tex.GO.
3
9-1-�4S,OOO.UO
02000.00
18426o,
Tyler, Tex, W/S Rev.
�00�
3.75%
2-15-�4
4-1-,72
50;000.00
18401
3 3
Da11as,Teg. W/S Rev.
Dallas Co. Rd. Bd.3
3.35%
3.00
10-1-8o
30, 000.00
15,000.00
177932
Mesquite,Tex. ISD Sch,
.
_10-72
6_1-71
5s000.00
`
20,000.00
Total
508,000.00
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