HomeMy WebLinkAboutRES 82-323 �- Z2- 3 -Z 3
R E S 0 L U T 1 0 N
WHEREAS, the City of Beaumont and Texas Commerce Bank of
Beaumont, Texas entered into a contract dated October 1 , 1981 ,
whereby it was provided that 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, Texas Commerce Bank of Beaumont, Texas, wishes
to withdraw the following securities from Texas Commerce Bank,
Houston, Texas;
Receipt No. Description Par Value
354809 U.S. Treasury Notes, due
2/15/85; 8% $1 ,500,000. 00
355372 U.S. Treasury Notes, due
2/15/85; 87, $ 500,000.00
arid, $2,000,000.00
WHEREAS, after this withdrawal, Texas Commerce Bank of
Beaumont, Texas, will have $52,810,000.00 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 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 Texas
Commerce Bank of Beaumont, Texas, to withdraw said securities.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the _Z4/ day of 9
Mayor
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