HomeMy WebLinkAboutRES 92 YYA RE SOLUTION
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 wishes to
withdraw the following securities: $200,000.00
U. S. Treasury Notes 6.375% Series C-1970 due
5-15-70, held under receipt #113884.; and,
WHEREAS, after this.withdrawal, the American
National Bank will have sufficient securities
still remaining 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, Texas, be permitted
to withdraw the above described securities from Bank of The
Southwest National Association, Houston, Texas, and a certified
copy of this resolution shall constitute evidence of the author-
ity of the American National Bank of Beaumont, Texas, to make
said withdrawal.
1970.
PASSED by the City Council this the 5th day of May,
- Mayor -
INTER -OFFICE MEMORANDUM
CITY OF BEAUMONT, TEXAS
Date: Ilay 5, 1970
To: Lo E. Daniels, Finance Officer
From: Jas, T. Garrard, City Clerk
Subject: WITHDRAWAL OF SFCURIT-ES
COMMENT:
Atta.chc>c! herrvith is an au -plication for withdrawal of securities
hc1c, by Eank of th% Scuthwest National Association for safekeeping
in the American ,11a,tiona7. dank by the City of Beaumont,
Thi-, cc ny is for your files and. records ,
Y_curs very truly,
Jas. T. Garrard
City Clerk
JTG: rjme
Attschment
THE AMERICAN NATIONAL BANK OF BEAUMONT
THE AMERICAN CENTER
BEAUMONT, TEXAS
April 29, 1970
W. G. JOHNSON
VICE PRESIDENT AND CASHIER
Mr. L. E. Daniels
City of Beaumont
P. O. Box 3 82 7
Beaumont, Texas 77704
Dear Mr. Daniels:
Please find attached forms to be executed to release the following:
$200, 000 U. S. Treasury Notes 6.375% Series
G-1970 to mature May 15, 1970
Thanking you in advance for your kind attention to this matter.
Sincerely,
Vice Presiden and
Cashier
WGJ/jp
Attachment (5)
REQUEST FOR SUBSTITUTION,AND/OR WITHDRAWAL OF SECURITIES HELD BY Bank of the Southwest N.A.
Houston, Texas UNDER JOINT SAFEKEEPING RECEIPT
The undersigned Depositor and DPpository Jointly request the Bank of the Southwest N,A
'Houston to substitute or permit a vrithdrawal of the seciirities which it holds
under Joint Safekeeping F.oceipt issued by it to the undersigned in occordance with
the terms of the resolution hereunder quoted and to deliver the Securities substituted
for or rithdravm to, the party named in such resolutiono
Cit
of
Cit
Depohitor .
American National Bank of �eaumont,_Texas
RESOLUTION
I .11 heretofore, under date of 7-2-69 the Bank of the Southwest_ N.A. _
Houston, Texas issued to American National Bank of Mt. ,Depository, in Joint
Safekeeping Roceipt or receipts covering certain, securities; and
1111herea8, both the Depositor and Depository now desire the Bank of the Southwest N.A.
Houston to permit a substitution of certain securities, or a withdrawal of
.., securities, which it noir holds as hereafter more fully set forth; .and
°t,7hereas, the ' securities, if any, hereinafter mentioned, which the above named. parties
desire to substitute in lieu of those heretofore plaoed in safekeeping vrith the
Bank of • the Southwest N.A. Houstorbi',ET WITH THE REQUIRELfENTS OF LAW AND HAVE BEET;
and are hereby, approved; and
d,ere'aa, the- securities, if any, hereinafter mentioned, which the above named --parties
wish to vrithdraw, are, entitled under , the, lavr to be withdrawn s
"slow, ;th6_ efore, be 'it resolved:. That the ark of _the SouthweGt N.A. Houston. Te _„�
be .and it is hereby requested and authorized to surrender the following securities
heretofore placed with it for safekeeping by•the above.named parties, to -wit:
RECEIPT N.Oo DESCRIPTION PAR VALUE
113884: U. S. Treasury Notes 6.375 Series C-1970:due 5-15-70- $200,000.00
and to receive in lieu thereof the following securitios, which are hereby in all
respects,apnroveds
DESCRIPTION PAR VALUE
NONE
"Be it further resolved: That the Bank of the Southwest N.A. Houston Tex be and it is
hereby. authorized to deliver the securities described herein to be substituted for or
withdrawn to American National Bank of Beaumont, Texas or its order.
This -is to certify that the above and foregoing resolution was duly passed by
_City of Beaumont y, at a. meeting properly held on the__-
• _ • __��
ay of i9 -'0_y the---unde-rsigrred nierriOersD who constitute a' quorum, being
present, all of which -fully a*pears in the Minutes of said raeetingo
SEAL yr Clerk
The members of the Governing"Body .whose signatures appear below.wore present at `the
Form 23028
BANK 0V THE SOUTHWEST
NATIONAL ASSOCIATION, HOUSTON
p. O. BOX 2629 • HOUSTON. TEXAS 77001
CUSTODY DEPARTMENT (Date)
DEPOSITOR: THE AOERIC'144 NATIONAL DANX$ BEAUM+CNT$ 7
PLEDGEE IDCAURUNTsTEXAS
BANK OF THE SOUTHWEST, NATIONAL ASSOCIATION, HOUSTON, (Depository)
Please: Repledge ( ) Release ( )
the securities described hereon:
�2ilapOE7€�eCiQ U- �. TREASURY �C6T�:? aer�,os C-1970' i3rcA't� rci3V@,$aE'y 15% �9�g
T two: 5/15/70 Nos. 103382/53 0 IOWA
(Title)
GITY
^ _ , (-(Title)
are
The Depositor Bank, b}7�'�*Prtper_ officer, hereby certifies that the signatures subscribed above the duly elected and qualified -officials ,to release securities from pledge held by the Bank of the
Southwest, N. A. Houston, and their signatures are genuine.
B ZJ_2!�
y(tle)
Original
Custody Receipt No.
Return this copy to Bank of the Southwest
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