HomeMy WebLinkAboutRES 71 EEEKEWJr/im/l/23/7-
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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 of Beaumont
wishes to withdraw from the Federal Reserve Bank
of Dallas $115,000 Spring I.S.D. Sch. Bonds - 6.00%,
due 2-1-73, held under Receipt No. 59859; 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 security from the Federal
Reserve Bank of Dallas,, 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 -,Jday.of
January, 1973.
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- Mayor -