HomeMy WebLinkAboutRES 109 GGG10941A&
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,_
1973, whereby it was provided that the said American National
Bank of Beaumont may pledge 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 # Description
001680 Pasadena I.S.D. 6.% Notes., due
11-1-73
59943 Beaumont General Obligations 3.6%
Notes, due 11-1-73
Value
$215,000
$ 70,000
TOTAL ------$195,000
WHEREAS, after this withdrawal, the American National
Bank of Beaumont will have sufficient securities pledged to pro-
tect 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 Re-
serve Bank of Dallas, and a certified copy of this Resolution
shall constitute evidence of the authority of the American Na-
tional Bank of Beaumont, Texas, to make said withdrawal.
PASSED BY THE CITY COUNCIL this the k day of
(V 1973.