HomeMy WebLinkAboutRES 82-15 le- A.2 - 1s-
R E S O L U T I O N
WHEREAS, the City of Beaumont and the Texas Commerce
Bank of Beaumont, Texas, entered into a contract October 1 , 1981,
whereby it was provided that the Texas Commerce 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 Texas Commerce Bank of Beaumont, Texas,
wishes to withdraw the following securities from the Texas Commerce
Bank of Houston, Texas:
RECEIPT NO. DESCRIPTION PAR VALUE
H062586 Cypress-Fairbanks ISD, Series $ 25,000. 00
1973, 4. 50%
H059919 Magnolia ISD Sch, 7% $ 15, 000. 00
167313 Alvin Jr. College Dist. , 6 .625% $ 50,000. 00
172365 City of Baytown, GO, 5. 75% $ 50,000. 00
97672 Harris County Bonds, 5% $225, 000. 00
178276 Terrell, Texas GO Bonds , 6 . 15% $ 20,000.00
$385,000. 00
The total securities being withdrawn from the Texas Commerce Bank of
Houston are in the amount of $385,000. 00 ; and,
WHEREAS, after these withdrawals, the Texas Commerce
Bank of Beaumont, Texas, will have $42, 285,000. 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 Texas Commerce 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 Texas
Commerce Bank of Beaumont, Texas, to make said withdrawal.
PASSED B THE CITY COUNCIL of the City of Beaumont this
the /9z,( day of 19
Mayor -
INTER-OFFICE MEMORANDUM
CITY OF BEAUMONT, TEXAS
Date January 20, 1982
To: Laurie Lawson, Finance Dept.
From: Myrtle Corgey, City Clerk
Subject: Certified Copy of Resolution 82-15
COMMENT:
Per instructions of Resolution 82-15, attached is a certified copy of
same to forward to Texas Commerce Bank of Beaumont.
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