HomeMy WebLinkAboutRES 84 DDDKEWJr/im/9/21/72_,
A 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 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 from the Texas Commerce Bank of Houston,
Texas:
$300,000 Houston Water Sys. Interim Sub. 5.50%
Rev. Bonds due 12-1-77 held under Receipt
No. 104820
$145,000
Texarkana Water & Sewer Rev. 6.70% Bonds,
due 8-1-84 held under Receipt No. 92641
$ 45,000
Bellaire G/0 3.80%, due 8-1-75 held under
Receipt No. 99560
$ 25,000
Bryan ISD U/T 8.00%, due 5-1-79 held under
Receipt No. 90408
$ 25,000
Spring Branch ISD 5.00%, due 6-1-79 held
under Receipt No. 70848
$ 25,000
Dallas ISD U/T 4.20%, due 7-1-79 held under
Receipt No. 71204
$ 30,000
Atlanta ISD 4.50%, due 2-1-80 held under
Receipt No. 74344
$ 25,000
Brazosport JCD 5.00%, due 2-1-80 held
under Receipt No. 79017
$ 25,000
Lubbock G/0 4.20%, due 4-15-80 held under
Receipt No. 69177
$ 25,000
Ft. Worth Gen. Purp. 4.00%, due 5-1-80 held
under Receipt No. 69435
$ 35,000
Col. of Mainland JCD 4.40%, due 5-1-80 held
under Receipt No. 101042
$ 35,000
Tex. Vet. Land 10.00%, due 6-1-80 held under
Receipt No. 101440
$ 25,000
Burleson CISD 5.50%, due 10-1-80 held under
Receipt No. 99696
Lit --) =- F
$ 35,000 Burleson CISD 5.50%, due 10-1081 held
under Receipt No.' 99697
$ 30,000 Houston ISD 3.40%, due 4-10-82 held under
Receipt No. 99698
$ 25,000 San Antonio ISD 4.95x/,, due 7-15-82 held under
Receipt No. 97074
$ 40,000 Midland Impr. 4.50%, due 1-1-83-/81 held under
Receipt No. 97086
$ 25,000 Amarillo G/0 4.05%, due 8-1-83/76 held under
Receipt No. 96432
The total above securities being withdrawn being in\the sum of
$920,000; and,
WHEREAS, the American National Bank wishes to withdraw
the following securities from the Republic National Bank of
Dallas, Texas:
$250,000 Wichita Falls; Tex. Project Note 3.03%, due
10-6-72 held under Receipt No. 872193
$ 25,000 Amarillo St. Impr. 5.00%, due 11-15-72 held
under Receipt No. 872197
$ 50,000 Corpus Christi Gem Impr. 3.90%. due 12-1-72
held under Receipt No. 872198
The total above securities being withdrawn being in the sum of
$325,000; and,
WHEREAS, the American National Bank wishes to withdraw
the following security from the Morgan Guaranty Trust Company,
New York:
$250,000 Housing Auth. of Wichita Falls, Texas,
Project Note 3.08%, due 10-06-72 held
under Receipt No. CFR 950-026
The total above security being withdrawn being in the sum of
$250,000; and,
WHEREAS, the American National Bank wishes to pledge the
following security with the Texas Commerce Bank of Houston,
Texas:
$300,000 Conroe ISD U/T 5.00%, due 3-15-90 held
-A -- 71-- -.4 F 'K7- 1 nn1 C1
WHEREAS, after this withdrawal and pledge of additional
securities, 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 securities above described from the Texas Commerce
Bank of Houston, Texas, the Republic National Bank of Dallas,
Texas, the Morgan Guaranty Trust Company, New York, and to pledge
the above described security with 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 withdrawal and pledge.
PASSED by the City Council this the day of
1972.
- Mayor -