HomeMy WebLinkAboutRES 56 ZZ�6 Z z
A R E S 0 L U T I 0 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 wishes to
withdraw the following securities: $20,000.00
Mesquite Texas ISD, 5%, due 6-1-71, held under
receipt No. 822716, $30,000.00 Tyler Texas W&S,
3.75%, due 4-1-72, held under receipt No.
822709, and $15,000..00 Dallas Co. Road Bonds,
3%, due 4-10-72, held under receipt No. 822710;
and,
WHEREAS, after this withdrawal the American
National Bank of Beaumont 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 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 withdrawal.
PASSED by the City Council this the 13th day of
October, 1970.
. � IGL-
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Mayor
JAS. T. GARRARD
CITY CLERK
CITY OF BEAUMONT
BEAUMONT, TEXAS
October 14, 1970
Mrs. Joe Parsley
Investment Department
American National Bank
P. 0. Box 2751
Beaumont, Texas 77701
Dear Mrs. Parsley:
Attached are four (4) Request for Substitution and/or
Withdrawal of Securities held by Federal Reserve Bank of
Dallas, The Republic National Bank of Dallas, Bank of the
Southwest, N. A. Houston, Texas and Texas Commerce Bank
N. A. Houston, Texas Under Joint Safekeeping Receipt forms
which have been properly executed as requested by you.
City Council, in regular session held Tuesday,
October 13, 1970, authorized the withdrawal of the above
securities.
Yours very truly,
Jas . • .T . Garrard
City Clerk
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i, r ifEST FOR SUMTITUTIC24 ATdD,,POR WI"iiDl' T T, OF SECURITY S 19,71,1) BY TITE =1 B.LIC NATI NAL
RPUN K OF DUIL.LAAS UNI D3R J ORI T SAT-TwKEZY' LNi G R C E IPT
The undersigned Dencsitor and D<pository jointly request the Pzpublic � ational Bank of
Dallas to substitut : oi' perni.t< a Withdrawal of th,a securities .:hich it holds under
S Joint Safekeeping Receipt issued I it to the undersi dpi d in accordance with the terms
of the resolution her -r -ender quoted and to dpliv@r they Securities vu.",bstitudcd for or �,7thda:tra
to the party namad in such revolutiono
CITY OF BEAUMONT
By:
T Depositor
Ci {Y uLCklf. .
THE AMERICAN NATIOUAL BANK OF BEAUMONT
Depository
LOT 10H
SEE REVERSE
"whereas, heretofore, under date of _ Q19 the Republic National Bank
of Dallas issued to CITY OF BFAUMONT� ,Dopositor, and
J�i„E A�i�RJ�Ai�? 1 ATIONALBANK OFY BEAUMONT TEXAS s L�,� o� �. �o�, :i r: Jo? n afc�kF�oping
Receipt or receipts covering co-r-caln s,&cua lti es$ and
"Whereas, both the D.-poc l.t(�,-r and lizooci.toxy noT desire the Republic National Bank
of Dallas to permit a substitut-iun of curtain senuritioa, or a r.ithdrawal of
securities, which it now holds no hereafter more fully set forth; and
"whereas, the sacur'ities, if any, hagninaftcr mentioned, which the above naked partipM
desire to substitui..e in lieu of those hereto fore placed in safekeeping with the
Republic National Bank of Da11a5, meet the requA7-=eats of law and have been and
are herc-by approved.; and
" . whereas, the securities, if my, hereinafter mentioned, which the above named parties
wish to withdraw, are entitled tiuider law to be withdra�,:
"Now,therefor,, be it resolved: That �thh Reemblic National Bank of Dallas be and it
is hereby requested and authors and 'to surrender the following s ocurities heretofore
placed with it for safekeeping by the above named parties, to -wits
RECEIPT NO. DESCRIPTIQ4
SEE REVERSE
PAR VALUE
and to receiee in lieu thereof the following securities, which are hereby in all .respects
approved:
DESCRIPTION COUPONS PAR VALUE
NONE
"Be it further resolved: That the Republic National Bank of Dallas be and it is
hereby authorized tcxXR1X7wT- the securities described herein to be substituted
or withdrawn to AMERICAN NATIONAL BANK'S SAFEKEEPING ACCOUNT or its order.
This is to certify that the above and foregoing resolution rias duly passed by
CITY OF BEAUMONT
at a meeting properly held on tho = day of OCTOBER 919 70, the undersigned
Members, who constitute a quorcm, being present all which dilly appears in the
Minutes of 'said meeting. -
k
n CIl�� CLERK.
SEAL
The members of the Governing Body whose signatures appear below were present at the
mPpt.inrt rAfArrnd to in the above certificate.
-
1p-13-l�ilD
Receipt Dated
Security
Rate
M,itur:ity
Amount ReceipL
2-25--70
Mesquite Tex. :CSD
5%
6-1-71
$ 20,000.00 822716
2-25-70
Tyler Texas W&S
3.75
4-1-72
30,000.00 822700
2-25-70
Dallas Co., -Road Bd.
3%
4-10--72
15,000.00 822710
Total
$ 65,000.00