HomeMy WebLinkAboutRES 75 445R- rl,G - 445
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 September
9, 1975, 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 oT giving bond as City Deposi-
tory; and,
WHEREAS, the American National Bank of Beaumont wishes to
withdraw the following securities from the Texas Commerce Bank in
Houston, Texas:
SK RECEIPT #
DESCRIPTION OF SECURITIES
PAR VALUE
96897
San Antonio, Tex. ISD 4.700,
due 7-15-85,
$
140,000
98974
Univ. of Houston 8.000, due
8-1-77
$
25,000
94479
Houston Civic,Center 8.00%,
due 7-1-80
$
75,000
96144
Colo. River Mun. Water.Dist. 5.00%,
due 1-1-81
$
50,000
98173
Dallas -Ft. Worth Reg. Airport 5.40%,
due 11-1-.81
$
50,000
9908'0
Jefferson County D/D#6 4.40%, due
3-15-83
$
50,000
The total above securities being withdrawn from the Texas Commerce
Bank in Houston, Texas, is in the amount of $390,000.00; and,
WHEREAS, after this withdrawal, the American National Bank of
Beaumont will have sufficient securities pledged to protect the de-
posits 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 Texas Commerce Bank
in Houston, Texas, and a certified copy of this resolution shall con-
stitute 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
+k day of �y-Q — - , 1975.
IBM