HomeMy WebLinkAboutRES 92-001 i
RESOLUTION
WHEREAS, the City has contracted with Parkdale Bank as a depository for
investment purposes; and,
WHEREAS, Parkdale Bank wishes to release the following security being held at
First City Bank-Houston effective December 31, 1991:
RECEIPT NO. DESCRIPTION PAR VALUE
912827YH9 U.S. Treasury Notes; $1009000.00
due 12/31/91
and,
WHEREAS, Parkdale Bank wishes to replace the above-described security being
held at First City Bank-Houston effective December 31, 1991, with the following:
RECEIPT NO. DESCRIPTION PAR VALUE
613700HD8 Montgomery County, Texas, MUD #6 $70,000.00
Bond; due 4/1/93; market value
$71,594.09
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
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THAT Parkdale Bank 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.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the day
of ( , 1992.
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