HomeMy WebLinkAboutRES 90-109 RESOLUTION
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 of Dallas/Houston Branch, effective June
19, 1990:
RECEIPT NO. DESCRIPTION PAR VALUE
9212827WVO U.S. Treasury Note, 8.50%; $3,000,000.00
due 11/15/91
and,
WHEREAS, Texas Commerce Bank - Beaumont wishes to replace the above-
described securities being held at Federal Reserve Bank of Dallas/Houston Branch effective
June 19, 1990, with the following:
RECEIPT NO. DESCRIPTION PAR VALUE
912827VE9 U.S. Treasury Note, 8.625%; due $37000,000.00
8/15/97
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT Texas Commerce 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.
m a.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 17,M. day
of 1990.
r
- Mayor -
Pro Tem
- 2 -