HomeMy WebLinkAboutRES 93-089 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 held at the Federal Reserve Bank of Dallas-Houston Branch effective April 20,
1993;
RECEIPT NO. DESCRIPTION PAR VALUE
168526XSF GNMA, 9.00% $1,012,024.67
due 07/15/2016,
Current Value $592,966.79
175793 GNMA, 9.00% $1,0001000.00
due 10/15/2016,
Current Value $783,577.24
and,
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT Texas Commerce Bank, Beaumont 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,�� day of
1993.
- Mayor -
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