HomeMy WebLinkAboutRES 102 EEEKEWJr/im/2/22/i
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RESOLUTION
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 $50,000 Clear Lake City, Texas Water
Auth. & Sewer Sys. Rev. 6.00% due 3-1-73, held under
Receipt No. 59901; $25,000 Texas City G/0 3.10%,
due 3-1-73, held under Receipt No. 60013; and
$115,000 West Central Mun. Water Dist. 6.00%,
due 3-1-73; held under Receipt No. 59894; 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 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 q-L)A- day of
1973.
- Mayor -