HomeMy WebLinkAboutRES 7 DDD7 000
A RES 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 withdraw $200,000 Texas A & M Univ.
Perm. Impr. 5.50% Bonds, due 7-1-72 held under
Receipt No. 102199 and $360,000 Univ. of Texas
Perm. Impr. 5.50% Bonds due 7-1-72 held under
Receipt No. 102200; 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'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 with-
drawal.
PASSED by the City Council this the day of
June, 1972.
Mayor -