HomeMy WebLinkAboutRES 89-191 'P
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 the Federal Reserve Bank -
Dallas/Houston Branch, effective September 25, 1989:
RECEIPT NO. DESCRIPTION PAR VALUE
##912827VM1 U. S. , Treasury Bill, @80; $4, 000,000. 00
due 11 /15/90
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT Texas Commerce Bank - Beaumont be permitted to pledge the
above-described securities and a certified copy of this
resolution shall constitute the approval of such pledge as
evidence of the authority of said bank to make said pledge.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the 26th day of September, 1989.
Mayor -