HomeMy WebLinkAboutRES 75 2474/7
R'E S-0 L:U .T I. O;.N
WHEREAS, the City of. Beaumont= and the American Nat;iona1, 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..ce_rtain securities.,-,
in lieu of giving :bond�ds City Depository;- and,
WHEREAS, ;the American •National Bank of Beaumont wishes .to with=
draw the following securities . from the Texas : Commerce Bank o.f Hous.ton,
Texas
SK: Receipt #.. Descrip,ti-on of S!e',curiti,es Par Value of Securities
143. 713• �- New York, N..Y..:; roj Notes
`5.'24A i, due T-25-75'. $1,000.,000.00
The total above' securities- being' withdrawn from the ,Texas Commerce Bank
of Houston, Texas, is.in.the .amount of $1,000',000.00; and.,
WHEREAS', after .this withdrawal-, ,the American National -.Bank of:'
Beaumont will have sufficient se.curities:p.ledged.•to protect the deposits
of the. said City of Beaumont"- Texas',
NOW, •T.HEREFORE, BE IT RESOLVED BY THE'
CITY COUNCIL OF. -THE. CITY., OF BEAUMONT:
THAT the American National. Bank...of. Beaumont,; Texas, be, -permitted to with.-
draw.the above,described_•securities from, the Texas:Commerce Bank df Houston,
Texas, 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'.
PAS.SED -BY T4E, CITY -COUNCIL.of.,the City of Beaumont this the
day of. 19 75
00,