HomeMy WebLinkAboutRES 83-278 AGENDA ITEM
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
Houston, N.A. :
RECEIPT NO. DESCRIPTION PAR VALUE
212860 Dallas Cnty Tex. , 4 .80% ; $ 250,000 .00
due 1/10/91
214175 Plainview ISD, 4 .85%; 275,000.00
due 2/15/92
212929 Dallas Cnty Tx . , 4 .90% 250,000 .00
due 1/10/93
214415 Corpus Christi, Tx . , 4 .90% ; 250,000.00
due 2/15/94
212551 Lamar CISD, 5%; due 2/15/94 260,000 .00
207746 Farmers Branch Carrollton, 315,000 .00
7 .875% ; due 4/1/00
281083 Texas Mun. Pwr . , 7 .60% ; 500,000 .00
due 9/1/92
123669 Lower Colorado River, 5%; 250,000 .00
due 11/1/90
337401 Brazos River Auth. , 11%; 1 ,400 ,000 . 00
due 12/1/84
123668 Lower Colorado River, 5%; 250,000 .00
due 11/1/90
212859 Dallas Cnty Tx . , 4 .75%; 250,000 .00
due 1/10/90
214,413 Corpus Christi, Tx . , 4 .80% ; 250,000 .00
due 2/15/92
214412 Corpus Christi, Tx . , 4 .80%; 250,000 .00
due 2/15/91
214411 Corpus Christi, Tx . , 4 .80%; 250,000.00
due 2/15/90
214414 Corpus Christi, Tx. , 4 .80%; 250 ,000 .00
due 2/15/93
180094 Fort Worth SS/Disp. , 5 .35%; 200,000 .00
due 3/1/90
RECEIPT NO. DESCRIPTION PAR VALUE
196915 No . Texas Mun. Wtr. , 5 .100; $ 175, 000 .00
due 9/1/91
212550 Lamar CISD, 5 .00% ; due 2/15/93 260,000 .00
203472 Galveston Cnty . Wtr. Auth. , 155,000 .00
5 . 20% ; due 7/10/89
203471 Galveston Cnty . Wtr. Auth. , 140,000 .00
5 .10% ; due 7/10/88
198914 No . Texas Mun. Wtr. , 6 .00% ; 175,000 .00
due 9/1/88
176513 Tyler ISD, 6 .10%; due 1/1/88 200,000 .00
101153 Houston Pub . Imp. , 3 .90%; 100,000 .00
181269 Carrollton Farmers ISD, 5 .00%; 100,000 .00
due 4/1/86
237734 Ft. Bend Cnty. Levee, 10 .00%; 250,000 .00
due 2/15/00
237605 Ft . Bend Cnty. Levee, 10 .00% ; 100,000 .00
due 2/15/02
237606 Ft . Bend Cnty. Levee, 10 .00%; 100,000 .00
due 2/15/03
335416 Taylor Ind. Dev. , 11 .00%; 220,000 .00
due 9/1/94
214173 Plainview ISD, 4 .75%; 200,000 .00
due 2/15/90
214174 Plainview ISD, 4 .80%; 250,000 .00
due 2/15/91
214172 Plainview ISD, 4 .70% ; 175, 000 .00
due 2/15/89
214176 Plainview ISD, 4 .85% ; 200,000 .00
due 2/15/93
176512 Tyler ISD, 6 .20%; due 1/1/87 200,000 .00
180096 Plano ISD, 5 .70% ; due 2/15/91 200,000 .00
365932 El Paso IDC Rev . , 12.00%; 140,000.00
due 8/1/90
333074 E1 Paso Health Fac. , 12.00%; 125,000 .00
due 1/1/96
333073 El Paso Health Fac. , 12.00%; 160,000 .00
due 1/1/93
101055 Baytown GO, 4 .75 ; due 2/15/88 120,000.00
333076 El Paso Health Fac. , 12 .00%; 200,000 .00
due 1/1/02 /
The securities being withdrawn from the Reserve-Ba-nit of
l
Pa-&, Texas are in the total amount of $ 9,395,000 .00 ; and,
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WHEREAS, after this withdrawal, the Texas Commerce Bank of
Beaumont, Texas will have $24,875,000 .00 pledged to protect the
deposits of the said City of Beaumont, Texas, and this amount is
adequate.
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 (,(.Gt u.,Z` 19 P3
Mayor -
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