HomeMy WebLinkAboutRES 40 YYs/v y Y
A R E S 0 L U T I O N
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 the following securities: $25,000.00
Dallas, Texas 2.60% WW & SSS Rev. Bonds, held
under receipt #87330; and,
WHEREAS, after this withdrawal, the American
National Bank will have sufficient securities
still remaining 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, Texas, be per-
mitted to withdraw the above described securities from Bank
of The Southwest National Association, 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 withdrawal.
PASSED by the City Council this the,27th day of
January, 1970.
- Mayor -