HomeMy WebLinkAboutRES 89 FFFKEWJr/gh/5/31/
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A RE SOLUTION
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 Abilene ISD 4.00% due 7-1-73,
held under Receipt No. 59806, $5,000 Austin Hosp.
Impr. 1.75% due 7-1-735 held under Receipt No.
59827, $201000 Austin Pub. Sch. Bd. 1.75% due 7-1-
73, held under Receipt No. 59828; and $10,000
Harris Cnty.FCD 3.00% due 8-15-73, held under
Receipt No. 60016, the total securities being
withdrawn being.in the sum of $85,000; and,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
Natio.nal,%Bank- of Beaumont, Texas, to make said withdrawal.
PASSED by the City Council this the day of
1973.