HomeMy WebLinkAboutRES 44 ZZR
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A RES OLUTION
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: $50,000.00
General Improvements Bonds 5% due 10-1-70, held
under Receipt #75538; 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 the Texas Commerce
Bank of Houston, Texas, and a certified copy of this resolution
shall constitute evidence of the authority of the American
National Bank of Beaumont, Texas, to make said withdrawal.
1970.
PASSED by the City Council this the 22nd day of September,
/ - Mayor -
REQUEST -FOIA SUBSTITUTION AND/
Houston. Texas
WITHDRAWAL Of SECURITIES HELD.,._, Texas Commerce Bank N.A.
UNDER JOINT SAFEKEEPING RECEIPT
The undersigned Bcpositor and Depository Jointly request the Texas Commerce Bank N.A.
_Houston, Tex to substitute or permit a vrithdravral of the socnrities which it holds 4
under Joint Safokeeping Fc.ceipt issued by it to the undersigned in occordance with
the torms .of the resolution hereunder quoted and to deliver the pecurities substituted
for or withdravm to the party named in such resolution.
CITY OF BE�VMONT
nom• Gl?i -... BYr--
-o Depositor
' AMERICAN NATIONAL BANK OFBEAUMONT, TEXAS
BY: _
Despository
RESOLUTION I
":'lhereas, heretofore, under date of 1-2-69 the Texas Commerce Bank N.A.
Houston, Texas issued t0 American Nationa an o m Depository, in Joint
Safekeeping ncceipt or receipts covering certain securities; and
"llhereas, both the Depositor and Depository nor desire the Texas Commerce Bank N.A.
Houston to permit a substitution of certain securities, or a withdrawal of
--securities *which it now holds as hereafter more fully set forth; and
- "Whereas, the securities, if any, hereinafter mentioned, which the above named parties
desire to substitute in, lieu of those heretofore placed in safekeeping with the
Texas Commerce Bank Houston, Texas9 &U -ET WITH THE REQUIREL ENTS OF LAW AND HAVE ,B EIN
and are hereby approved; and
i ereas, the securities, if any, hereinafter mentioned, which the above named parties
tYish to withdraw, are entitled under the law to be -withdrawn:
"No, therefore, be it resolved: That the Texas Commerce Bank N.A. Houston, Texas
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 NO. DESCRIPTION PAR VALUE
75538 Corpus Christi General Imp. 5% Bonds' -due 10-1-70 $50,000.00
and to receive in lieu thereof the following securities, which are hereby in all
respects approved: ;
DESC RIPT ION
r PAR VALUE
NONE
"Be it further resolved: That the Texas Commerce Bank N.A. Houston, Tex. be and it is
.hPreby.authorized to deliver the securities described herein to be substituted for or
vithdrawn. 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 , at a meeting properly held on the
day of september,15,the undersigned btenbars, *who Constitute a quorum, being
present, all of which fully appears in the Liinutes of said meeting.
-- Clark
SEAL _ 6
The mec.bers of the Governing Body whose signatures sopear belowvera present at the
meeting referred to in the above certificates