HomeMy WebLinkAboutRES 08-329 RESOLUTION NO. 08-329
BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BEAUMONT:
THAT the City Council hereby approves the pledge of the following security by Capital One
Bank as additional collateral for City accounts which will be held at the Federal Reserve
Bank effective November 14, 2008:
Cusip No. Description Face Value Market Value
PLEDGE:
31406NMJO FNMA, 4.47%, Due 04/01/35 $800,000.00 $517,311.18
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 9th day of
December, 2008.
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Mayor Becky Ames -
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