HomeMy WebLinkAboutRES 37 GGG37 G'6�
R E S 0 L iU T I O N
WHEREAS, the City of Beaumont and the American National
Bank of Beaumont, Texas, entered into a contract dated July 1,
1973, whereby it was provided that the said American National
Bank of Beaumont would pledge with the City Council of the City
i
of Beaumont certain securities in lieu.of giving bond as City
Depository; and,
WHEREAS, the American National Bank of Beaumont wishes
to withdraw the following securities from the Federal Reserve
Bank of Dallas:
Receipt No.
59898
Description
City of 'Houston
4.20% Bonds, du
Value
Gulf Coast Dis. Auth.
9-1-73 $240,000
PL 001507 City of Beaumont, Tex. San Impr.
2.50% Bonds, due 9-1-73 $ '2:59000
Part of U. S.. Trea. 4.125% Bonds due 11-15-73 $385,000
125 294 1
TOTAL ------$650,000
WHEREAS, the American National Bank of Beaumont wishes
to pledge the following securities with the Federal -Reserve Bank
of Dallas:
Description
Dallas I.S.D. U/T 5.00% Bonds c
The total above securities bei
$650,000; and,
.ie 11-1-89
Value
$650,000
pledged being in the sum of
WHEREAS, after this withdrawal, the American National
Bank of Beaumont will have sufficient securities pledged to
protect the deposits of the saii'd City of Beaumont, Texas;
i
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, Te
PASSED by the City Co
d 1973.
S, to make said withdrawal.
cil this the day of