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HomeMy WebLinkAboutRES 89-202 R E S O L U T I O N WHEREAS, the City has contracted with Texas Commerce Bank as a depository for investment purposes; and, WHEREAS, Texas Commerce Bank wishes to release the following securities being held at the Federal Reserve Bank - Dallas/Houston Branch: RECEIPT NO. DESCRIPTION PAR VALUE U. S. Treas. Notes, 8%; $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 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 release. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 3rd day of October , 1989. Mayor - 'LEDGE AND RELEASE nl' :;E�;C [TIES PLED:E fly _ wi the SAFEKEEPING DESCRI P'F ION OF RECEIPT NO. SI'0JRI"fY EAR VALUE RELFASF. TEXAS COMMERCE BANK By - — ---- FEDERAL RESERVE BANK OF DALLAS/HOUSTON BRANCH �•1i the SAFEKFFPING IWSCI2111'rl E'l OF RECEIPT N(). (_'UI? ITy PAR VALUE US Treas Notes, 8.% due 11-15-1990 $ 4,000,000,00