HomeMy WebLinkAboutRES 90-238 i
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 pledge the
following securities being held at the Federal Reserve Bank -
Dallas/Houston Branch effective October 23, 1990:
RECEIPT NO. DESCRIPTION PAR VALUE
CUSIP 36216VGA7 GNMA, 9%; $1,000, 000. 00
due 10/15/2016
CUSIP 36216XWM9 GNMA, 9% $1, 022,911.85
due 10/15/2016
CUSIP 36216YF36 GNMA, 9% $1, 000. 000.00
due 10/15/2016
CUSIP 36218CG82 GNMA, 9% $1, 050, 000.00
due 6/15/2017
WHEREAS, Texas Commerce Bank wishes to release the
following securities being held at the Federal Reserve Bank -
Dallas/Houston Branch:
CUSIP 912827VM1 U. S. Treasury Note $ 720, 000.00
8%; due 11/15/90
CUSIP 912827VE9 U. S. Treasury Note $3, 000,000. 00
8. 625%; due 8/15/97
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.
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PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of , 1990.
- Mayor -