HomeMy WebLinkAboutRES 17 DDDKEWJr/gh/6/28/
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A RESOLUT ION
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 wishes to
withdraw $75,000 Colleges of the St. of Tex.
Const. Tax. 4.00% Univ, of Tex. at Arlington
due 9-1-73/72 held under Receipt No. 104 621
from the Texas Commerce Bank of Houston, Texas;
and,
WHEREAS, the American National Bank wishes to
withdraw $85,000 Tex. Colleges Const. Tax St.
Sr. Colleges Bond, Ser. 1967 3.20% due 9-1-74/
72 held under Receipt No. 822 706 from the
Republic National Bank of Dallas, Texas; 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 Texas
Commerce Bank of Houston, Texas and the Republic National Bank
of Dallas, 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 withdrawal.
PASSED by the City Council this the day of
�L 1972.