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Home My WebLink AboutRES 51 AAAA 14 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: $900,000.00 U.S. Treasury Notes, Series E-1971, dated 10-1-69, held under receipt #H 8671; and, WHEREAS, after this withdrawal 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 per- mitted to withdraw the above described securities from the Federal Reserve 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 c�- 711, day of 4pP,/Cr , 1971. - Mayor - R . /w" �- .` 1. .1'. .. . I 11 , . . r -. ,- . April 27 9::.1971 4 _ ..,. _ . .. _ _ -1. . . _ :11f . .. ..!� • ,i1. l .. -) - - - , . ' l - , `Mrs . Norma .K. ' Scho`tt Tnyestment.Department .: ; I �; . -.Ameri:can -Nati ona. Bank - P O - "box * 2751 . , .: Beaumont', Teras 7!704 II - ._ -; t r Y �. .F s -.. -.� i Dear Mrs.. Schott . Attached .are two (2y) ;Request for SubstitDtion . = and/or,, i i thdraW6I-0,Srid es. held by .the ,Federal ,, ' �' ,Reserve -Bank of;°Dall'as Unoer Joint ;Safekeeping Receipt `. fords : �vhi cli have been properly ,eecute d as requested 'by you . :. ti � r ,. � , . :, . . - .. City ,Counci ]" i.n regul ar session held Tuesday; - Apr! 1` 27, ,19Ji ; author! zed `wtfdrawa:l o P. aecur ti'es,. _ - F. , 1 F _ ,,Thank-you:'.f"' your attention ori, this mattes.. Ti, Yours very truly, ' , % -- . F Jas'; T Garrard .. .JTG•eeb , ... . -. _. ., , 11 Att c ments _, • - A. '.,.. . = , , -... - ,.. I .. . INTER -OFFICE MEMORANDUM CITY OF BEAUMONT, TEXAS Date April 27, 1971 To: Dean Ransom, City Clerk From: Jas. T. Garrard, City Clerk Subject: REQUEST FOR SUBSTITUTIO"J APED/OR IIITHDRAI.,AL OF SECURITIES COMMENT: Attached is a Request for Substitution and/or 'Withdra:-Jal of Securities held by the Federal Reserve Lank of Dallas Under Joint Safekeeping Receipt forms which have been properly executed as requested by you. City Council, in regular session held Tuesday, April 27, 1971, authorized withdrawal of securities. INTER -OFFICE MEMORANDUM CITY OF BEAUMONT, TEXAS Date April 16, 1971 To: Lavon Jones, Assistant City Attorney From: Dean Ransom, City Controller Subject: Resolution COMMENT: Please prepare the necessary resolution for the release of the securities. a.---, Dean Ransom City Controller DR/ la t Attachment )_ %A * A er-�)_-7_ /q7/ t - cD `7— l(,-/ -7 l THE AMERICAN NATIONAL BANK OF BEAUMONT THE AMERICAN CENTER BEAUMONT, TEXAS April 14, 1971 W. G. JOHNSON SENIOR VICE PRESIDENT AND CASHIER Mr. James T. Garrard, City Clerk City of Beaumont P. O. Box 3827 Beaumont, Texas 77704 Dear Mr. Garrard: We attach the necessary forms to release from a pledged status the following security: $900,000 U. S. Treasury Notes, Ser. E-1971, dated 10-1-69, to mature 5-15-71. This will have the net effect of reducing the amount of securities pledg- ed to the Time and Demand Deposits of the City of Beaumont to a new amount of $ 7, 577, 000. 00. At the present time, this is adequate to secure these deposits. Please return the original and one copy of the release forms when they have been approved in order that we may forward them to the Federal Reserve Bank in Houston, Texas. If we can help you in anyway, please call on us. �Very truly s, W. G. John Senior Vice President and Cashier nks Encl: REQUEST FOR SUBSTITUTION A 7R WITHDRAWAL OF SECURITIES HI BY FEDERAL RESERVE BANK -- OF DALLAS UNDER JOINT SAFEKEEPING RECEIPT The undersigned Dcponitor and Depository jointly requ(wt tire. Federal Reserve Bank of Dallas to substitute or permit a withdrawal of the secu'ritien which it holds ander Joint Safekeeping Receipt issued by it to the undersigned, in accordance with the terms of the resolution" hereafter• quoted, and' to deliver the securities substituted for or withdrawn to the party named in such resolution. Citv_of Beaumont, Texas By-� Depositor. , American National Bank of Beaumont, 'Texas :::! RESOLUTION W. G. John, o Senior Vice resident & Cashier "Whereas, heretofore, under date of F�1��ka_�}C_2�, __ 197_, the Federal Reserve Bank of Dallas issued to City of Beaumont, Texas repositor, and American National Bank of Beaumont Texas Depository, its Joint Safekeeping Receipt or receipts covering certain securities; and "Whereas, both the Depositor and Depository now desire the Federal Reserve Bank of Dallas to permit a substitution of certain securities, or a with- ". drawal of securities, which it now holds, as hereinafter 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 pliced in safe- keeping with the Federal Reserve Bank of Dallas, meet with the requirements of law and have been and are hereby approved; and "Whereas, the securities, if any, hereinafter mentioned, which the above named parties wish to withdraw, are entitled under the law to be withdrawn; "Now, therefore, be it resolved: That the Federal Reserve Bank of Dallas 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 H 8671 U. S. Treasury Notes, Ser. E-1971 $ goo, ,000.00 dated 10-1-69 (Here describe securities to be substituted for or withdrawn. if above space is not sufficient., continue description on reverse side hereof.) , and to receive in lieu thereof the following securities, which are hereby in all respects approved: DESCRIPTION COUPONS PAR VALUE NONE (Here describe securities to be taken in substitution or in the event this is a withdrawal without substitution write in the word "None." If above space is not sufficient, continue description on reverse side herm?f.) "Be it further resolved: That the Federal Reserve Bank of Dallas be and it is hereby authorizetf to deliver the securities described herein" to be substi- American National Banlc of Beaumont' Texas luted for or withdrawn to s or its order." This is to certify that the above and foregoing resolution was duly passed byC11V- G_aU.1101L_Qf_ _ f Be, A 17 tYl oY1 t_'' ' o�`yA1_(Here insert name of ijoverning Body) at a meeting properly held on the eL _day of A r tl _, 1971 —, a quorum being present, all of which' fully appears in the minutes of said meeting. - CITY CLERK (SEAL) .. SEC -19 Rev. 10-66 RECEIPT FOR CERTIFIED MAIL -30¢ _ ( '4T TOSTMARK I X O TE —'Mr. J. W. Jones STREET AND NO. O Q 5055 Milton Street rl) P. O., STATE, AND ZIP CODE lie.v� y 1 Beaumont, Texas L0 EXTRA SERVICES FOR ADDITIONAL FEES{I!!I Return Recelpt Deliver to �• . Shows to whom Shows to whom, Addressee Only t ! % I( e and date date, and where �7 - delivered delivered ❑ 50¢ fee ( I 14 ® 10¢ fee ❑ 35¢ fee POD Form 3800 NO INSURANCE COVERAGE PROVIDED— Mar. 1966 NOT FOR INTERNATIONAL MAIL (See other side) c35-16-71548-11. 347-138 Gpo W r