Loading...
HomeMy WebLinkAboutRES 74 182P '7�- i e-2-, R '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. 59822 59818 59 816 Description 1)0r Iralno University of Tex. 6.75% Rev. due 6-1-74 $240,000 Mesquite G/O 6.50%, due 6-15-74 50,000 Mesquite G/O 6.50%, due 6-15-74 "50,000 TOTAL ------$340,000 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 resolution 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 this the day of' 1974. •