HomeMy WebLinkAboutRES 61 HHHRR E S :0' L' 'U T' 'I' '0' 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
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. Description
H059807 Houston Public Improvement Bonds,
due 1-1-74 at 30
H059814 Houston ISA Bonds, due 1-10. 74
Value
$30,000
$20,0.00
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 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 TH CITY COUNCIL of the City of Beaumont this
the �day of , 1973.