HomeMy WebLinkAboutRES 18 DDDKEWJr/im/7/6/72
/9 b DD
R E S O 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 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 security with the First National Bank of
Dallas, Texas:
Description Maturity Amount SK #
Beaumont, Texas
G/o 4.30% 9-1-80 $ 200,000
The total above security being pledged being in the sum of $200,000-;
and,
WHEREAS, the American National Bank of Beaumont wishes
to pledge the following security with the Bank of the Southwest of
Houston, Texas:
Description Maturity Amount SK #
Gregory -Portland
ISD 2.75% 12-1-7.3 $ 25,000 159385
The total above security being pledged being in the sum of $25,000;
and,
WHEREAS, the American National
Bank.of Beaumont wishes
to pledge the following securities with
the Republic
National
Bank of Dallas:
Description
Maturity
Amount
SK #
McLennan Cnty, Tex.
jr. Col. Dist. 6.50%
1-15=75
$ 25,000
890070
Dickinson, Tex.
ISD 4.50%
2-01-75
701000
Irving, Tex. ISD
U/T 3.75%
5-15-77
2002000
The total above securities
being pledged
being in the
sum of $295,000;
and,
WHEREAS, the American National Bank of Beaumont wishes
to pledge the following securities with the Texas Commerce Bank
of Houston:
Description Maturity Amount SK #
11 A
e
McAllen, Tex.
PHA 3.00% 5-01-76 $ 40,000 111400
State, County &
Municipal
Austin Elec. L & P
WW&SS Rev.
5.50%
10-01-73
200,000
111658
Dallas, G/0
10.00%
12-01-73
50,000
111181
Mesquite, G/0
6.50%
6-15-74
100,000
Cypress -Fairbanks
ISD
4.30%
2-01-74
150,000
110850
E1 Paso ISD U/T
4.25%
2-15-74
503,000
111078
Plano ISD U/T
5.00%
2-15-74
253000
111082
Wichita Falls ISD
U/T
3.00%
3-01-74
503000
110851
La Porte ISD
U/T
4.50%
3-10-74
503000
111081
Pasadena ISD
2.50%
3-10-74
209000
111317
Texas Tech Univ.
Rev.
6.50%
4-01-74
195,000
111769
Houston Pub. Impr.
6.50%
5-01-74
35,000
110803
Ysleta ISD U/T
5.00%
5-15-74
509000
111185
Univ. of Tex. Rev.
6.75%
6-01-74
2403000
110988
Brazos River Auth.
Rev.
5.50%
11-01-74
1402000
110849
Den Con Elec. Rev.
6.00%
11-01-74
1503000
111659
Denton Elec. Rev.
5.00%
11-01-74
25,000
111183
Dallas G/0
10.00%
12-01-74
50,000
111182
Tarrant Cnty WC
& ID #1
2.25%
12-15-74
20,000
111318
Brownsville G/0
3.75%
1-01-75
40,000
111107
Garland G/0
5.00%
1-01-75
50,000
111079
Rice CISD U/T
5.00%
2-01-75
30,000
111401
Dallas WW & SS
Rev.
4.70%
3-01-75
503000
111242
Garland Elec. W &
S Rev.
5.00%
3-01-75
25,000
111080
Texas Tech Univ.
Rev.
6.50%
4-01-75
210,000
111723
Tyler WW & SS Rev.
3.75%
4-01-75
20,000
111319
Ft. Worth G/0
5.00%
5-01-75
503000
111057
Mesquite G/0
6.50%
6-15-75
1003000
Ft. Worth Gen.
Purp.
6.50%
11-01-75
1005000
111477
Corpus Christi
ISD U/T
3.40%
2-01-76
302000
111454
Klein ISD, Tex.
U/T
3.60%
2-01-76
200,000
Texas Tech Univ.
Rev.
6.50%
4-01-76
701000
.111662
274 -1,1 --A l]--1, 7C+II
Description
Maturity
Amount
SK #
Denton Elec. Rev.
6.00%
11-01-76
$ 80,000
111660
Klein ISD, Tex.
U/T
3.80%
2-01-77
100,000
Spring Branch'ISD
3.50%
4-01-77
25,000
111523
Tyler ISD U/T
3.20%
7-01-77
30,000
111402
Galena Park ISD
3.25%
7-15-77
30;000
111522
Canyon WW & SS
Rev.
4.50%
10-01-77
50,000
111520
Klein ISD, Tex.
U/T
4.00%
2-01-78
100,000
Plainview ISD
3.00%
2.-10-78
30,000
111478
Crosby ISD U/T
6.00%
4-01-78
403,000
Texas Tech Univ.
Rev.
6.50%
4-01-7.8
70,000
111724
Arlington ISD U/T
5.00%
6-01-78
100,000
111452
Univ. of Tex. St.
Ad. Valorem Tax
4.00%
9-01-78
25;000
111524
Denton Elec. Rev.
6.00%
11-01-80
2402000
111722
Port of Pt. Arthur
G/0
3.50%
3-01-86
60,000
111184
Spring Branch ISD
5.50%
2-01-88
90,000
110640
The total above securities being pledged being in the sum of
$3,960,000; and,
WHEREAS, after these pledges, the American National Bank
of Beaumont will have sufficient securities pledged to protect the
deposits of the 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 above described securities with the Bank of the Southwest of
Houston, Texas, Republic National --Bank of Dallas, First National
Bank of Dallas, Texas, and the Texas Commerce Bank of Houston, 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 Jul day of, �� L t.,j,
1972.