HomeMy WebLinkAboutRES 243 XX�3 XX
A RES OLUTION
WHEREAS, The City of Beaumont and the American National Bank of
Beaumont, Texas, entered into a contract dated July 1, 1969, whereby it -
was provided that the said American 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, the American National Bank of Beaumont wishes to pledge
-.the following additional securities:
Description
Rate
Maturity
Amount
Receipt
Dallas, Texas Wtr. & Swr.
2.60
2-1-70/67
$ 25,000.00
87330
City of Bmt. G. 0. Ref.
3.60
11-1-71
103000.00
89901
Corpus Christi ISD
4.00
6-1-73
103000.00
89902
Harris Co. Flood Control
3.00
8-15-73
103000.00
89898
Clear Lake City Wtr. Auth.
3.75
3-1-74
15,000.00
86910
Bryan, Texas Util. Sys.
3.00
7-1-74
151000.00
86901 .
City of Dallas, G. 0.
3.00
10-1-74
10,000.00
89900
Garland Elec. Wtr. and Swr.
3.25
9-1-75
203000.00
86911
City of Uvalde Put. Bldg.
3.90
6-1-76
20,000.00
78942
Federal Land Bank Bonds
6.80
2-23-71
1003000.00
111499
Twelve Federal Land Banks
6.20
4-20-70
100,000.00
93506
Victoria ISD Sch. Bonds
2.00
1-15-71
25,000.00
87019
Houston ISD Sch. Bonds
5.00
2-10-71
205000.00
86905
San Antonio, Texas G. 0.
3.00
3-1-71
20,000.00
87390
Texas City Texas Wtr. Sys.
3.10
9-1-72
25,000.00
86909
Lamar State College of Tech.
3.375
4-1-73/72
15,000.00
110946
Lamar State College of Tech.
3.375
4-1-74/72
15,000.00
110946
Harris Co. Texas Juvenile Home
5.00
6-10-73
25,000.00
110944
Fort Worth, Texas Sanitary Bond
3.00
2-1-75
303000.00
1.10942
Anahuac ISD Sch. Bonds
4.00
2-1-74
353000.00
97890
Pampa, Texas Swr. Sys. Impr.
3.00
3-1-75
25,000.00
110948
Tarrant Co. Perm. Impr. Bonds
3.00
7-1-75
50,000.00
102773
Lubbock, Texas G. 0. Bonds
3.50
3-1-76
25,000.00
110947
El Paso ISD Sch. Bldg.
3.25
5-1-76
253000.00
102772
University of Texas Perm. Fund
3.70
7-1-76
503000.00
110953
Houston,Texas Airport Fuel Sys.
4.20
2-1-78/72
25,000.00
110945
Spring Branch ISD Sch,.-- Ref.
5.00
6-1-78
25,000.00
106228
Perryton ISD Sch. Bldg.
3.80
6-15-78
25,000.00
110949
Sunray.ISD Sch. Bldg.
3.60
11-78/76
253000.00
110950
Cypress -Fairbanks ISD Sch. Ref.
3.75
2-1-79
253000.00
110940
Baytown G. 0. Bonds
3.80
.2-15-79
253000.00
110939
League City Wtr. & Swr.
5.00
3-1-79
30,000.00
101352
University of Texas Sys.
3.60
7-1-79/77
25,000.00
110952
Austin, Texas G. 0. Bonds
3.75
7-1-79
303000.00
110938
Texas A&M Univ. Sys.
3.60
7-1-79/77
253000.00
89847
Dallas, Texas Wtr. & San. Swr.
3.35
10-1-80
45,000.00
110941
The total above securities being pledged being in the sum of $1,025,000.00;
and;
3x .
� '2- 19 0
WHEREAS,. after this additional pledge, the American National
Bank of Beaumont will have sufficient securities pledged to protect.the
deposits of the said City of Beaumont, Texas;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BEAUMONT:
That the American National Bank of Beaumont be permitted to pledge the
additional above described securities with the Bank of The Southwest
National Association of Houston, Texas, and a certified copy of this
resolution shall'constitute.evidence of the authority of the American
National Bank of Beaumont, Texas, to make said additional pledge.
PASSED by the City Council this 26th day of August, 1969.
I
- Mayor -