HomeMy WebLinkAboutRES 83-124 Y "Fs- /.7 L)
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
N.A. , Houston, Texas:
RECEIPT NO. DESCRIPTION PAR VALUE
361582 Tarrant County WC & ID, 5 .60% ; $100,000. 00
due 3/01/86
The total securities being withdrawn from the Texas Commerce Bank
N. A. Houston, Texas are in the amount of $100,000. 00 ; and,
WHEREAS, after this withdrawal , the Texas Commerce Bank
of Beaumont, Texas will have $43,045,000. 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 make said withdrawal.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the -; ��, day of
- Mayor -