HomeMy WebLinkAboutRES 88-042 AGENDA TrEK
R E S 0 L U T 1 0 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
release the following securities being held at the Federal
Reserve Bank Dallas - Houston Branch effective March 15, 1988:
RECEIPT NO. DESCRIPTION PAR VALUE
00245422 City of Lubbock @ 4.90% ; due 4/15/88 $ 25,000 .00
00245418 Webster, Texas @ 4. 75% ; due 4/01 /88 50, 000 . 00
00245417 Westheimer Rd. Mud @ 6%; due 4/01 /88 45,000 .00
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT Texas Commerce Bank - Beaumont be permitted to release the
above-described securities and a certified copy of this
resolution shall constitute the approval of such release as
evidence of the authority of said bank to make said releases.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of 1988.
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Mayor