Loading...
HomeMy WebLinkAboutRES 89-146 R E S O L U T I O N WHEREAS, the City has contracted with Parkdale Bank as a depository for investment purposes; and, WHEREAS, Parkdale Bank wishes to release the following securities being held at the Federal Reserve Bank of Dallas/Houston Branch, effective July 18, 1989: RECEIPT NO. DESCRIPTION PAR VALUE 912827VC3 U.S. Treasury Notes, Series $200,000. 00 AB-1989 @ 7.6250; due 7/31 /89 and, WHEREAS, Parkdale Bank wishes to replace the above- described securities being held at Federal Reserve Bank of Dallas/Houston Branch effective July 18, 1989 with the following: RECEIPT NO. DESCRIPTION PAR VALUE 912827WX6 U.S. Treasury Notes @ 8.875%; $ 100, 000. 00 due 11 /30/90 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT Parkdale Bank Beaumont be permitted to release and pledge the above-described securities and a certified copy of this resolution shall constitute the approval of such release and pledge as evidence of the authority of said bank to make said release and pledge. r PASSED BY THE CITY COUNCIL of the City of Beaumont this the le �=