HomeMy WebLinkAboutRES 81-167 -7°- Ji-ye/,
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, Texas:
RECEIPT NO. DESCRIPTION PAR VALUE
HO59955 Richardson ISD Sch Bldg. Bonds $50,000.00
5%, due 5-15-1981
and,
WHEREAS, after this withdrawal the American
National Bank of Beaumont, Texas, will have $34,815,000 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 withdrawals.
PASSED BY THE CITY COUNCIL of the City of Beaumont
this the /j,� day of , 1981.
Mayo?-