HomeMy WebLinkAboutRES 95 BBBKW/gh/11/17/71
9e 1:31316
A R E S 0 L U T `I O N
WHEREAS, the City of Beaumont and the American
National Bank of Beaumont, Texas, entered into
a contract dated July 1, 1971, 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 of Beaumont
wishes to pledge the following additional secu-
rities: $150,000 Sabine River Authority of
Texas -City of Beaumont Waste Disposal Contract
Rev. Bonds, 3.00% until after 11-1-73 then
5 1/2% thereafter due 11-1-73/82, held under
receipt SK#4127/4136; 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 be permitted to
pledge the additional above described securities with the
American National Bank of Austin, 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 additional pledge.
PASSED by the City Council this the day of
'J �p
1971.
Mayor -
q!5 81310
APPLICATION TO American yNati�'Y^ l Ban=:-. c�--':�t�st;,, mPxa,� --THAT IT ACCEPT CERTAIN
SECURITIE;-'DR SAFEKEEPING 1 .-2 -0
Whereas, the undersigned Depository has .been duly and legally designated, and has
done all things and performed all -acts necessary to qualify as the public deposi-
tory of .the funds of the undersigned - depositor; and
Whereas, to secure -*the funds deposited with it, the Depository has in accordance
with law pledged with the Depositor the following securities:
SK # DESCRIPTION PAR VALUE.
4127/4136 Sabine River Authority of Texas - $ 150,000 ____--_---
City of Beaumont Waste Disposal
Contract Rev. Bonds, 3.00 % until
after 11-1-73 then 5;2% thereafter
/ due 11-1-73/82
City of Beaumont, - s
By.
Depositor
American National Bank of Beaumont.
By:W. G. Johnson, Sgniprt iyce Pres. & Cashier
Whereas, the securities placed in safekeeping with theImarf
g��C+_;�n , Texas meet the requirements of law and have been and are ere y
approved, and; _
This is to certify that the above and foregoing resolution was duly passed by
city Council of t -hp Cif --y n4 RL-ainnnnf, Tt-xpq at a meeting
properly held on the ,;�Q day of peremhPr ,19�L, the undersigned
members, who constitute a quorum, being present all of which fully appears in the
Minutes of said meeting.
Clerk
-City of Beaumont
(SEAL)