HomeMy WebLinkAboutRES 82-428 R E S O L U T I O 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
176125 Livingston ISD Sch Bldg. Bonds
5 .500 ; due 12/15/82 $ 20,000. 00
174450 Judson ISD Sch Bldg. Bonds
5 .00o ; due 12/1/82 $ 25,000. 00
HO59957 City of El Paso, Series 1968
4 . 250 ; due 12/1/82 $125,000.00
and,
WHEREAS, after this withdrawal, Texas Commerce Bank of
Beaumont, Texas, will have $44,580,000. 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 /__ day of X 216 19
Mayor -