HomeMy WebLinkAboutRES 74 455Rq' —S'70 4L'*'U 'T 'I '0'
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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 with-
draw the following securities from the Federal Reserve Bank of Dallas,
Texas:
RECEIPT NO.
HO
59811
HO
59 812
HO
59 810
HO
60019
HO
60021
HO
59873
and,
DESCRIPTION PAR VALUE
Brownsville C/C Bonds, 3.75%, due 1-1-75 $ 20,000
Brownsville St. Pav:, 3.75%, due 1-1-75 20,000
Garland, Tex. G/0, 5.00%, due 1-1-75 509000
Ft. Worth S/S, 3.00%, due 2-1-75 30,000
Anahuac ISD, 4.00%, due 2-1-75 35,000
Rice Cons. ISD, 5.00%, due 2-1-75 30,000
TOTAL --------$185,000
WHEREAS, the American National Bank of Beaumont wishes to with-
draw the following securities from the Republic National Bank of Dallas,
Texas:
SK RECEIPT NO. DESCRIPTION PAR VALUE
891 571 Dickinson ISD U/T Sch/Hse Ref. Bond,
4z%, due 2-1"75 $ 70,000
891 572 McLennan Cnty. Jr. Col. Dist., 6/50%,
due 1-15-75 25,000
TOTAL -------- $ 95,000
The total above securities being withdrawn from the Federal Reserve Bank
of Dallas, Texas, and from the Republic National Bank of Dallas, Texas,
is in the amount of $280,000.00; and,
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 BFA11MnNT-