HomeMy WebLinkAboutRES 88-053 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 29, 1988 :
RECEIPT NO. DESCRIPTION PAR VALUE
U. S. Treasury Note @ 8% $ 500,000.00
due 5/31 /89
00243422 Plano WW/SS @ 5. 10%; due 5/01 /88 60,000.00
00245454 Irving ISD @ 5 . 40% ; due 6/01 /88 75, 000 . 00
00245461 Brownsville CISD @ 6.30% ; 40,000.00
due 6/15/88
00245465 Bryan Util @ 5%; due 7/01 /88 300,000.00
00245462 Victoria Co. @ 4. 70%; due 7/01 /88 25, 000 . 00
00245468 Galveston Co. Wtr @ 5 .10% ; 140,000 .00
due 7/10/88
00245424 Corpus Christi Gen Imp @ 4.80%; 250 ,000 .00
due 2/15/90
00245388 Dallas Cnty @ 4.75%; due 1 /10/90 250 ,000. 00
00245435 &
00245434 Lower Colorado River @ 5%; 500,000.00
due 11 /01 /90
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 _c�Z� day of 1988.
- Mayor
P C/