HomeMy WebLinkAboutRES 163 XX/63 XX
A. R E S O L U T I O N
WHEREAS, The City of Beaumont and First
Security National Bank of Beaumont, Texas,
entered into a contract dated July 7, 1967,
whereby it was provided that the said First
Security National Bank of Beaumont would
pledge with the City Council of The City of
Beaumont certain securities in lieu of
giving bond as City Depository; and,
WHEREAS, First Security National Bank wishes
to withdraw $866,000.00, 5 5/8% U.S. Treasury
Notes due 2-15-69, held under receipt #89785;
and,
WHEREAS, after this withdrawal, First Security
National Bank will have sufficient securities
still remaining pledged to protect the de-
posits of the said The City of Beaumont, Texas;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BEAUMONT:
That First Security National Bank of Beaumont be permitted to
withdraw the.above described $866,000.00, 5 5/8% U. S. Treasury
Notes due 2-15-69 held under receipt #89785 from First City
National Bank of Houston and a certified copy of this Resolution
7—shall constitute evidence of the authority of First Security
National Bank of Beaumont, Texas, to make said withdrawal.
1969.
PASSED by the City Council this 4th day of February,
'- - Mayor -