HomeMy WebLinkAboutRES 74 66r 14
/? -7Y-, Z �
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 Naional 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 with-
draw the following securities from the Federal Reserve Bank of Dallas:
Receipt No. Description "Par Value
HO 60009 Clear Lake City Water Auth. W/S Syst., $ 15,000
3.75% due 3-1-74
HO 59897 Wichita Falls ISD 3.00%, due 3-1-74 501000
HO 59888 Pasadena ISA 2.50%.due 3-10-74 20,000
HO 59889 La Porte ISD 4.50%, due 3-10-74 503,000
Total ----$135,000
WHEREAS, after this withdrawal, the American National Bank of
Beaumont will have sufficient securities pledged to protect the depo-
sits 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 Reoslution shall constitute evi-
dence of the authority of the American National Bank of Beaumont, Texas,
to make said withdrawal. .
PASSED BY THE CITY COUNCIL of the City of Beaumont, Texas, this
I h
the pday of (� , 1974.