HomeMy WebLinkAboutRES 112 EEEKEWJr/im/3/73
A RES OLUTION
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 Texas Commerce Bank
of Houston, Texas $2,500,000 U. S. Treas. Bills,
due 3-29-73, held under Receipt No. 117638; and,
WHEREAS, the American National Bank of Beaumont
wishes to withdraw from the Federal Reserve Bank
of Houston $50,000 City of Dallas Municipal
Bonds, due 4-1-73, held under Receipt No. 59839;
$25,000 South Park Independent School District,
due 4-1-73, held under Receipt No. 59841; and
$15,000 Lamar State College, due 4-1-73, held
under Receipt- No. 60012.; and,
WHEREAS; after these withdrawals 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
Texas Commerce Bank of Houston, Texas and the Federal Reserve
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 such withdrawals.
1973.
PASSED by the City Council this --a()_ day of ,
Mayor -