HomeMy WebLinkAboutRES 87-147 Ro
Vvil'M
97- 1117
R E S O L U T I O N
WHEREAS, the City has contracted with Texas Commerce
Bank - Beaumont 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 14,1987:
RECEIPT NO. DESCRIPTION PAR VALUE
Central Texas Higher Education, $ 400,000
4.90%; due 11 /15/87
Houston Tex Wtr. , 5.750; 100,000
due 12/01 /87
Mesquite ISD, 5.40%; due 4/15/89 135,000
and,
WHEREAS, Texas Commerce Bank - Beaumont wishes to
release the following securities effective July 21 , 1987 being
held at Texas Commerce Bank - Houston:
RECEIPT NO. DESCRIPTION PAR VALUE
Central Texas Higher Education $ 400,000
4.90%; due 11 /15/87
Houston, Tex Wtr, 5.75%; 100,000
due 12/01 /87
Mesquite ISD, 5.40%; due 4/15/89 135,000
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT Texas Commerce Bank - Beaumont 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 as 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 o?/,at day of 1987.
Mayor -
2 -