HomeMy WebLinkAboutRES 86-209 R E S O L U T I O N
WHEREAS, the City has contracted with Texas Commerce Bank
Beaumont, N.A. , as a depository for investment purposes; and,
WHEREAS, Texas Commerce Bank Beaumont wishes to pledge
the following securities with Texas Commerce Bank Houston effective
July 11, 1986:
RECEIPT NO. DESCRIPTION PAR VALUE
511147 GNMA' s, 11 . 50%; due 3/15/2010 $ 672, 787 .88
511142 GNMA' s; 11.50%; due 4/15/2013 759,968.73
511149 GNMA' s, 11 .50%; due 6/15/2013 212,085.64
511144 GNMA' s, 11 . 50%; due 7/15/2013 256, 140.84
511138 GNMA' s, 11 .50%; due 2/15/2013 744, 716.66
511150 GNMA' s, 11 .50%; due 3/15/2013 312, 226.67
511148 GNMA' s, 11 . 50%; due 3/15/2013 361,661.02
511137 GNMA' s, 11 .50%; due 4/15/2013 370, 274.90
511111 GNMA' s, 11.50%; due 3/15/2013 787, 277 .65
511112 GNMA' s, 11 .50%; due 8/15/2013 301,421 . 18
511136 GNMA' s, 11 .50%; due 5/15/2013 793,493 .92
511139 GNMA' s, 11 .50%; due 5/15/2013 302,261 .98
511145 GNMA' s, 11 .50%; due 7/15/2013 703, 374.46
511110 GNMA' s, 11 .50%; due 4/15/2014 260, 325.44
and,
WHEREAS, Texas Commerce Bank Beaumont, N.A. , wishes to
release the following securities being held at Texas Commerce Bank
Houston, N.A. , effective July 14, 1986:
RECEIPT NO. DESCRIPTION PAR VALUE
511147 GNMA' s, 11 .50%; due 3/15/2010 $ 672,787 .88
511142 GNMA' s; 11.50%; due 4/15/2013 759,968.73
511149 GNMA' s, 11 .50%; due 6/15/2013 212,085.64
511144 GNMA' s, 11 .50%; due 7/15/2013 256, 140.84
511138 GNMA' s, 11 .50%; due 2/15/2013 744,716.66
511150 GNMA' s, 11 .50%; due 3/15/2013 312, 226.67
511148 GNMA' s, 11 .50%; due 3/15/2013 361,661 .02
511137 GNMA' s, 11 .50%; due 4/15/2013 370, 274.90
511111 GNMA' s, 11.50%; due 3/15/2013 787, 277 .65
511112 GNMA' s, 11 . 50%; due 8/15/2013 301,421 . 18
511136 GNMA' s , 11 . 50%; due 5/15/2013 793,493 .92
511139 GNMA' s, 11.50%; due 5/15/2013 302, 261 .98
511145 GNMA' s, 11 .50%; due 7/15/2013 703, 374.46
511110 GNMA' s, 11 .50%; due 4/15/2014 260,325.44
THAT Texas Commerce Bank Beaumont, N.A. , be permitted to pledge and
release the above-described securities and a certified copy of this
resolution shall .constitute the approval of such pledges and
releases and evidence of the authority of said bank to make said
pledges and releases.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of 1986.
Mayor -
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