HomeMy WebLinkAboutRES 226 XX�2.'v6 X x
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 the following.securities:
$674,000 U.S. Treasury notes, 5%, Series
A-1970 Due 11-15-70, held under receipt
#65832; $500,000 U.S. Treasury Bonds, 4-1/8%,
due 11-15-73, held under receipt #8465;
$500,000 U.S. Treasury Bonds, 4-1/8%, due
2-15-74, held under receipt #57799; $169,000
U.S. Treasury notes, 4-3/4%, due 2-15-72,
held under receipt #86354; and,
WHEREAS, after this withdrawal, First Security
National Bank will have sufficient securities
still remaining pledged to protect the de-
posits of the said 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 securities from First City National
Bank of Houston and a certified copy of this resolution 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 15th day of July,
- Mayor -
4r
July 16, 1969
The First Security National Bank
P.O. Box 3391
Beaumont, Texas
Attention: Mr. Paul Bullington
Dear Mr. Bullington:
Attached is a certified copy of a resolution, passed in
regular session by the City Council July 15, 1969 withdrawing
certain securities from the First Security National Bane.
I believe the resolution is self explanatory;.this is
for your files.,
Your assistance and cooperation in all matters is s6n-
cerely appeeciated.
Yours truly,
Jas. T. Garrard
City Clerk
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