HomeMy WebLinkAboutRES 74 339W- 75<o X43 9
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, where-
by 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 with-
draw the following securities from the Federal Reserve Bank of Dallas:
RECEIPT NO.
DESCRIPTION
PAR VALUE
599
98
Dallas,
Tex.
G/O 3.00%,
due 10-1-74
$ 103,000
599
49
Brazos,
River
Rev. 5.50%,
due 11-1-74
140,000
599'37
Denton,
Elec.
Rev. 6.00%,
due 11-1-74
1509000
599
36
Denton
Elec.'Rev.
5.00%,
due 11-1-74
25,000
598
23
Dallas
G/O
10.00%, due
12-1-74
501000
598
20
Tarrant
Co.
2.25%, due
12-15-74
20,000
TOTAL ---------$395,000
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
evidence 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.
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