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Home My WebLink AboutRES 57 ZZ57 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 pledge the following securities: $200,000.00 U. S. Treasury Notes, 7:.75%, due 5-15-73, held under receipt No. 128063; and, WHEREAS, after this additional pledge the American National Bank of Beaumont will have sufficient securities pledged to protect the deposits of the said City of Beaumont, Texas; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: That the American National Bank of Beaumont, Texas, be permitted to pledge the above described securities with the Bank of The Southwest, N.A. of Houston, Texas, and a certified copy of this Resolution shall constitute evidence of the authority of the American National Bank of Beaumont, Texas, to make said pledge. PASSED by the City Council this the 13th day of October, 1970. - Mayor - CITY OF BEATJ1t ONT BEAUMONT, TEXAS October 14, 1970 JAS. T. GARRARD CITY CLERK Mrs. Joe Parsley Investment Department American National Bank P. 0. Box 2751 Beaumont, Texas 77704 Dear Mrs. Parsley:. Attached arejIfour (4) Request for Substitution and/or _ Withdrawal of Securities held by Federal Reserve Bank -of Dallas, The Republic National Bank of Dallas, Bank of the Southwest, N. A. Houston, Texas and Texas Commerce Bank N. A. Houston, Texas Under Joint Safekeeping Receipt.forms which have been properly executed as requested by you. City Council, in regular session held Tuesday, October 13, 1970, authorized the withdrawal of the above securities. Yours very truly,- . Jas . • .T . Garrard City Clerk JTG:eme Attachments 4 t "a .,4 } r 4 4 ,t ' ., /'a{ r t 7:' c l ! I , , - , I r 7 ,1 i t X J c • ii . (1•, ( h.. t s - '`;' '.'71r JI tq'1 l ,..,. I r '`rt r}S111$da fr;,<}3 ./I�;,,.J� I.CJ " INTER OFFICE 'MEMORAN1L;u1Vl !'1 C t , i ! t 1� G it ' ,. ! �, s 1 , ¢ p t , 1 5 ¢ , I ,q i J t xn1 .' e 1 ii" 0 4 f ,1 i rt} . f - .. , , I s 71 f.. tr�rKgt, )t. S + t I.. r a p1w�, /� 1' r t ■rw �/laA e k � y 1 ,r .1 it Yf �Ii6 t ,t ".. f I ` �Y�i- ®■ Bi A,Um®� ■ / ��/�I'PV 1 C i V ��S �r f1'V,' t t I �i 4 ` . �. r t , l,G si , I t. , 4 i s 1 It r. J} [ 5 s -.�! p%:�! ISA t I;_il r IIYV,;� `� f r4r } -' ,,,, 11. 1 s f'., ytJ1}}I(:.��4 ��5 f SII r x ,' , ! ': ( 1. , i �` {� 1 It h, r/7J„ gI 1 i' 'p', } r i - I I i I t't y, r 1 t 1yi tiI'F ( `. i F w }[ 12 r t r11 t �` !f r `IL,t' D&O 11-, 0.L.i1.'J1L 1 .9t _19 �j,0y`!'I i� t !.} y i. �l:U'1 rI s '" 2 a,. J i,r. I- � � t:; ll,�Y 1J. 4. y, {tt. t " ]h 4t '}]s �4, '' n mK p r' . c C i i' r7 i 21 ?1 x r- - V rf - ,a t.1 ! 1 \ yy 44 Y I' �. t ! F pb✓ ,' V. uJ. )t Jo, 7J �'M To �j`'I'DEAN RW OM 1 CITY CO T RQLLEl Y m + ti y. ly ),tPaiA d D sil9�x r �rtrylfU W c S� ,I 4� i- �• FI rks it z i t r ?. 1 , i 71. ri+ 1 t , t f r I 1 4 r 1 { , ,, + 15 1 t 9 3 i �1 n r i. � :From t o ; CI,TY; CLE1�K, a'r� J, ;� 4 JAS T RRABD ;r I ? f l Ir f i r', 1 , r , ' f f vil�' i 1 7;:tr1 { lir rr+4 t h l 4 '' lir r i; l r r 1 I Subject r risk'; ; REQUEST FOR SUBSTITU'P O. ANDf OR,'WITI�DRAWAL. OF{I SECURITIES ; 11 .. } : f ..r LI , . f 1 I F, 4 , t 9 I t I i d } _ 3 1 ! J 1 t „ 1. 1 U f i S t i _I V t J< I �, ; , f y IY i ., r 15 1 .�. 1 J 1 d " 1+ t ,tr , i r r Y �/, a/�, ��(T� 'T�ff,� 3 f 1 k n % - k i+ i t' a f 1 1 7 r i, � t"4 Oi V'bti, +r�EN 6 + f'. V _ ,it ,�f !r'�,"�i �l i t p I II y! ' c I t Ii,,, ., 1,,. °+i t , If i I. -'f a 1 '.'� t r y; f �,, }' . ,E I - a 4 f f I - IJItC � y, 3 r t t., iq r 1, i a ' J IF - r G?+ i t.:l s iii, ,LIQ i 1 i!}yh h , i. I Ix 1 ,,'�+ 4{rY. 4 �� +ri'...�I i 4i f i f f �; . r r t i s . x I, t 1 . {H R r C < Ct - i , e+ i� iv , 1 1( ! . `1, 9iJ i }. , x7 tai L�, - } i •' t , sri -. 4{'Il t >-'i1 �[ ' 7' r 6 i II .� y, t t G., r s t , x 7 ...- ;rt.f �(:}r 1 -y1 ai I ',f l y i . i� J 11;1' i ..}C -A rr,f 4 E' 114 pt l" t J -, 1 r}t`+��1 n 91 J .F t 2 r , 1 a.. d ij tw't• ( , ". 5 6 J I pr )} w t r. i- rr°�t. , i i ,I { !, x a 1''F �dv�r , + ,z, r c J r ti. I i -.. ' % i }t ..I , 1 m I .y 3 1 I!: c l fA 3 t, ,1 '.'4 l rx ,', 1 .,.t, r r r s, r , i a -. tI i , ir; „, F I y i i, n s a LI' t } i 1, �: Att- 'd are ourJ 4 )J Re ' eest ,dor 5ubstit�tlo and�or, Wlth - , ' `,�G� rr drawal o� Seduritie"s` held by'�Federal Re erne Bank of, I, , , s' i The99 ; -, " t t 1 {�: 7 P f< < I ,t r 11, ,; i y I I i a ' y� 7i ! d Jf �- `1. �' Republ�cNaional Bank sof �Da3i��,;Bank of the �Sot�thwest, N,f,A. a . ', i' r _ 1 i a 4 i t J i ).r ' ` ' ,} .�Housbon� - Tekas as .aTexa ; Co=lercef5tank ''N. A:�,; Houstp�, �exastr-. ,d.. I , P , 1 , ?j J 51 Joy nt Saekeep�ng Receipt ,6xrns' �r� ch, Yiave,l ybeen prt�peri I�ex�ct}ted o; i� tr ut,{f + 5 ' 4 R�'1 `{.it•"[SF ' t i'[.i 7--; y 8 )i 'J. hM1�"ri�"1 r' ��. .) } Y 9 1 , t , _. r f.s } _ ' 1 ) V I '' 1 i . - 4r ` t< i - N ! , k , 1 - , ".1.- .iWii i ) , a yi(30,1 il," :`fin' regular'' 5essli Siihr;titiilion v,pilhdr;iw;II c,f r,c(-'U .ic;, T,ulc.l l�; r )U ,11`. I,S'C, I .A. 110) ls'�iuder`ji�i.r,1 ;_;ritcl:c nt !'ccc ipt.. .. --- - ` The, undcr:;ig'llecJ Depositor ��nd Dcpo:'itu'ry Ioilitly .rcquo ";t: the BANK Ol lll', SOt111]\V1 N.A. I101JS'.l ON, '1I:1XAS_tc.� ticihst.itute or'l)ernllit ct �:ilhdra.�f:A of. the securities \ icl it h.ol(k undc:a -Taint Safekeeping Receipt issued by it to the 1.111clersigned in accordance with the t.erins of the resolution hercuncler quoted and to deliver the securities substituted for or withdrawn to the party named in such resolution. CITY OF BEAUMONT B Y :`� _. epositor MY CLERK THE AMERICAN NATIONAL BAND OF BEAUNOi BY: Depositor RESOLUTION "Wherea:s, heretofore, under date of SEE REVERSE the BANK OF THE SOUTHWEST, NT. -A HOUSTON, TEXAS issued to AliERICAN NATIO_N_AL BANK Depository, in Joint Safelceepin Receipt or receipts coverin. y cert. -yin securities; and Whereas, both the Depositor -and Depository novo desire: the BANK OF THE SOUTHWEST, N.A. , HOUSTON, TEXAS to permit a substitution of certain securities, or a withdraw :-� 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 BANK OF T SOUTHW.. 1ST, N.A. HOUSTON, TEXAS , meet with the requirements of lave and have bee and are hereby approved; and "Whereas, the securities, if any, hereinafter mentioned, -\v;lich the above named parties wish to withdraw, are entitled under the law to be withdrawn: "now, therefore, be it resolved: That the BAINK OF THE SOUTHWEST, 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 INTO. DESCRIPTION PAR VALUE SEE REVERSE and to receive in lieu thereof the following securities, which are hereby in all respects approved: Receipt # DE SCRIPTION PAR VALUE 128063 U. S. Treasury 7.75 Notes due 5-15-73 $200,000.00 !'Be it further resolved: That the BANK OF WOUTHWEST, N.A. HOUSTON, TEXAS be and it is hereby authorized to deliver the securities described herein to be substituted fo or withdrawn to THE 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 OCTOBER , 19 70 , the undersigned Members, who constitute a quorum, being present, all of which fully appears in the I r*nutes of said meeting. -,_cam-►�-�� r k C,1T1: CLERK SEAL The members of the Governing Bo whose signatures appear below were present at the meeting referred to in the above certificate. 1b /3 170 RECEIPT DATE,' SECURITY RATE. MATURITY', AMOUNT RECEIPT NUMBER 2-5-70 U.S. Tres. Notes 5%_ 11-15-70 $300,000.00,;.'123356 5-11=67 Victoria ISD Sch.' 2% 1-15-71 25,000:00`,;., 87019 5-8-67 Hou.' ISD Schhse.' 5%' 2-10-71 :20,000.00 86905 5-24-67 San'Antonio Gen. Impr. 3%, 3-1-71 20,000.00 87390 8-28-67 City of BMT. G. Q., 3.6Q% 11-1-71 10,000.00 89901 Total _ $375,000.00