HomeMy WebLinkAboutRES 76 103a.,
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9— `y (e — ) D `3
RESOLUTION
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 of giving bond as City Depositary; and,
WHEREAS, the American National Bank of Beaumont wishes to withdraw
the following securities from the Federal Reserve Bank of Dallas, Texas:
RECEIPT NO.
HO 60008
HO 60001
HO 59821
HO 60007
HO 63029
and,
DESCRIPTION
El Paso ISD Sch. Bldg. 3.25% Bonds
Due 5-1-76 $
City of Uvalde Public Bldg. 3.90% Bonds
Due 6-1-76
Highland Park ISD Sch. Bldg. 3.25% Bonds
Due '6-1-76
University of Texas Perm. Funds 3.700
Bonds - Due 7-1-76
Victoria Co.'Jr. College 5% Bonds
Due 7-1-76 25,000.00
$ 150,000.00
PAR VALUE
25,000.00
20,000.00
30,000.00
50,000.00
WMRFAS, the American National Bank of Beaumont wishes to withdraw
the following securities from the Texas Commerce Bank of Houston, Texas:
SK RECEIPT NO.
172 505
DESCRIPTION PAR VALUE
U. S. Treasury Bills - Due 4-6-76 $4,000,000.00
TOTAL $4,000,000.00
The total above securities being withdrawn from the Federal Reserve Bank
of Dallas,'Texas, and from the Texas Commerce Bank of Houston, Texas, is
in the amount of $4,150,000.00; and,
WHEREAS, the American National Bank of Beaumont wishes to pledge
the following securities and/or U. S. Treasury Notes with the Texas Commerce
Tank of Houston, Texas:
DESCRIPTION OF SECURITIES PAR VALUE
U. S. Treasury 7.875% Notes Due 5-15-78 $ 275,000.00
U. S. Treasury 7.375% Notes -Due 2-15-81 1,000,000.00
Total Government. $1,275,000.00
Dallas WW/SS Rev. 6.00% Bonds Due 4-1-78 $ 25,000.00
Jefferson Cnty. Drainage Dist.No. 7-6.00%
Bonds Due 3-1-79' 25,000.00
Harris County FCD 5.00% Bonds Due 2-1-82 225,000.00
State of Texas College Student 8.00%.Bonds
Due 8-1-84 50,000.00
Lower Colorado River Auth. Rev. 5.00% Bonds
Due 11-1-90. 250,000.00
Total Municipal $ 575,000.00
GRAND TOTAL $1,850,,000.00
1`� -7 r®b 1 a.3
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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 BEAUMONT:
THAT the American National Bank of Beaumont-, Texas, be permitted to withdraw
and pledge the above described securities, 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 and pledge.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the,
day of �j ,. 1976.
- Mayor-