HomeMy WebLinkAboutRES 81-236 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
HO63034 Victoria County Junior College $ 25,000. 00
GO Bonds, 4. 50%, due 7-1-1981
HO59805 Austin ISD Sch Bonds, 6% , due $100, 000. 00
7-1-1981
HO59917 South West Tex State $ 50,000.00
University, 8%, due 8-1-1981
HO59905 North Tex Municipal Water $ 75,000.00
District, 7%, due 9-1-1981
HO59854 Lamar State College, 4.75%, $ 60, 000.00
due 10-1-1981
The total securities being withdrawn from the Federal Reserve Bank of
Dallas are in the amount of $310,000. 00; and,
WHEREAS, the American National Bank of Beaumont, Texas,
wishes to withdraw the following securities from the Texas Commerce
Bank of Houston, Texas:
RECEIPT NO. DESCRIPTION PAR VALUE
214159 Beaumont Texas WW/Sys Rev . , $ 70,000.00
due 9-1-1981
207787 Glenshire Mud Water Wks & $ 20,000. 00
SS U/T Rev Bonds, Due 8-1-1981
The total securities being withdrawn from the Texas Commerce Bank of
Houston are in the amount of $90,000.00; and,
WHEREAS, the American National Bank of Beaumont, Texas,
wishes to withdraw the following securities from the Republic
National Bank of Dallas, Texas:
RECEIPT NO. DESCRIPTION PAR VALUE
042206 San Antonio Texas ISD Sch $250,000. 00
Bld. g Bnd, due 7-15-1981,
4 .950%
The total securities being withdrawn from the Republic National Bank
of Dallas are in the amount of $250,000. 00; and,
WHEREAS, after these withdrawals, the American National
Bank of Beaumont, Texas, will have $34,165, 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 LCITY COUNCIL of the City of Beaumont this
theme day of , 198, .
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