HomeMy WebLinkAboutRES 94-033 RESOLUTION NO.
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 Bank One effective February 15, 1994:
RECEIPT NO. DESCRIPTION PAR VALUE
362167K31 GNMA I, Pool No. 185814 $1,000,000.00
9.00%, Maturity 10/15/2016
36216MR49 GNMA I, Pool No. 168907 $986,101.00
9.00%, Maturity 11/15/2016
36216NLT8 GNMA I, Pool No. 169638 $942,354.00
9.00%, Maturity 08/15/2016
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 11994.
- Mayor -