HomeMy WebLinkAboutRES 247 XXA 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 wishes to
withdraw $478,000.00, 4% U. S. Treasury. Bonds
of 1969 due 10-1-69, held under receipt #7169;
and to pledge in lieu of same $700,000.00, 5%
U. S, Notes Series A 1970 due 11-15-70, held
under receipt # H 5116; and,
WHEREAS, the securities still remaining on de-
posit, together with the additional U. S.
Treasury Notes being pledged, are ample and
sufficient to protect the deposits of the said
The 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
withdraw the securities above described from the Federal Re-
serve Bank of Dallas, Houston Branch, and a certified copy
of this Resolution shall -constitute evidence of the authority
of The American National Bank of Beaumont, Texas, to make
said withdrawal.
1969.
PASSED by the City Council this 23rd day of September,
Mayor -
s
L-12
a
COPY
HOUSTON BRANCH W-EIVED'
FEDERAL RESERVE BANK OF DALLefly ()F BE�
HOUSTON, TEXAS 77001
Oct 2 4
or-Flr'F OF
October 1, 1969 CITY
Mr. W. G. Johnson
Vice President & Cashier
The American National Bank
Beaumont,. Texas
Dear Mr. Johnson:
In accordance with executed form SEC -19, xm have
released $478,000.00 in U. - S.'Trealsury securities formerly
held in joint safekeeping for your account and -the City of
Beaumont, Beau nxt,,Texas; under our joint safekeeping receipt
hro.'7169.
Enclosed is. our joint safekeeping receipt No.. 7356
covering. $700,000.00 :*(-u U.. S. Treasury securities w1lich were
received in substitution.
Yours very truly,
J. 2.R
Assistant Vice President
Enclosure
cc: M% J. 0. Garrard, Clerk
The City of fleaux-,xmt
Beaumont, Texas
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i -FEDERAL RESERVE BANK BRANCH ^/ R 1 a 9
H2OUST.ON, TE%AS 0O YL V i.6 On
Withdrawal Notice •
10 1 69
City of Beaumont, Beaumont, Texas 3 (Date)
(Depositor) (Address) (Class -Code No.)
American National Bank, Beaumont, Texas 3 400
(Depository) (Address) (Class -Code No.)
In accordance with joint instructions of the above named Depositor and Depository dated
we have withdrawn securities covered by Joint Safekeeping Receipts listed below and are making disposition as indicated.
RECEIPT NO.
7169 AMOUNT
478,000:00
Securities delivered to
Securities shipped to
scal- Agency
If the above does not agree v�i your records p notify the Auditor of this bank prompt
Assistant Vice Pr�n l
SEC -17 A6 Rev. 3-66 — NO CARBON ,REQUIRED - Assistant Cashier
D.RbSITOWt COPYR t-17 I �!
JOINT SAF -KEEPING RECEIPT FE -RAL RESERVE BANK BRAN _ 1BE-
ADVICE OF TRANSACTIONHOUSTON, TEXAS
'FISCAL AGENT OF THE UNITED STATES
400.' ADVICE P
DATE RECEIVED -
10 1 69 H 735
.American National Bank
Beaumont, Texas DEPOSITORY
City of Beaumont
Beaumont, Texas
CLASS •J ? . ISSUE CO[
DEPOSITOR
The securities described in this advice, issued by"Book Entry -Individual" (BE -I) on the records of this bank in accordance with Treasury Depart
No. 300 have been recorded for your account and risk. H-51166
DESCRIPTION OF SECURITIES RATE MATURITY PAR VALUE NEXT
U.S. Treasury Notes, Series A-1970
Dated Feb. 152 1966
Interest clue May & Nov.- 15th
5% 1 ll 15 70 1 700000.00
The description and amount of securities herein listed should be verified promptly and
any errors should be immediately reported to the General Auditor of this Bank.
NON-NEGOTIABLE AND NON -TRANSFERABLE
SEC -102139
FEDERAL RESERVE BANK BRA
HOUSTON, TEXAS
FISCAL AGENT T NIT STATES
r
CHECKEDAssistant��ItCe S Uu ei