HomeMy WebLinkAboutRES 81-53 ��-S3
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 September 25, 1979
whereby it was provided that the American National Bank of Beaumont,
Texas, 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, Texas,
wishes to withdraw the following securities from the Federal Reserve
Bank of Dallas and Texas Commerce Bank of Houston, Texas:
RECEIPT NO. DESCRIPTION PAR VALUE
209099 Jersey Village WW/ Imp. GO $ 25,000.00
Bonds 6 .50% due 3-15-1981
HO59908 Alief ISD Sch Bonds Series
1968 4 .10% due 3-1-1981 $ 50,000.00
The total securities being withdrawn from the Federal Reserve Bank of
Dallas and Texas Commerce Bank of Houston are in the amount of
$75,000.00; and,
WHEREAS, after these withdrawals, the American National
Bank of Beaumont, Texas, will have $34,995,000.00 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 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.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
A