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Home My WebLink AboutRES 43 YY"mak Y 1� A RE SOLUTION 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 # San Angelo WW Revenue6%Q0 4-1-83 $25,000.00 83436 Irving ISD Sch. Bldg. 62% 4-1-82 505000.00 84478 El Paso G. 0. Bonds 44Q/o 12-1-82 125,000.00 85314 Greenville, Texas W/S 62% 4-1-81 30,000.00 82178 Friendswood ISD Gal. Co. 5% 7-1-80 303000.00 71694 Texas Veterans' Land 247. 6-1-77 25,000.00 72152 Garland, Tex. Ele. W/S 7% 9-1-76 25,000.00 85427 Garland, Tex. E1e. W/S 7% 3-1-76 25,000.00 85428 San Antonio G. 0. 3.70% 1-1-76 1005000.00 84203 Pasadena G. 0. Bonds 5.75% 12-15-73 50,000.00 76776 Texas Veterans' Land 24% 6-1-71 25,000.00 78239 Austin G. 0. Bonds 3% 1-1-81/73 30;000.00 76198 The total above securities being pledged being in the sum of x,540,000.00; and, 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 BEAUMONI': That the American National Bank.o.f Beaumont be permitted to pledge the additional above described securities with the Texas National Bank of Commerce 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 10th'day of February, 1970. k U3-Yy �q( -70 AP111J_UM'10i\1 TO _Texas National Bank of Commerce THAT IT ACCEPT CERTAIN SECll1.ZIT:C1.;S FOR SAFEKEEPING [,Ilrcreas; the undersigned Depository has been duly and legally designated, and has done all things and performed all acts necessary to qualify as the public deposi--- tory of the funds of the Undersigned depositor; sand j1Ile'r.'eas, to secure the funds deposited with it, the Depository has in accordance with l.aw pledged with the Depositor the following securities: DESCRIP`T'ION PAR VALUE SEE REVERSE v CITY QF BE.AUM, ONT B _ Depositor can National Bank of Beaumont, Tex. By Wber.eas, the securities placed in safekeeping with the Texas National Bank of Commerce meet the requirements of law and have been and are hereby approved, and; This is to certify that: the above and foregoing resolution was duly passed by _City of Beaumont (Z' { C�' -gam. L� at a meeting Properly held on the-1_L�'�'�day of FobruarY_____-,19_ 0 , the undersigned members, who constitute a quorum, being present all of which fully appears in the M-inutes of said meeting. CITY CLERK The. mel ers of the Govern in Body whose signatures appear below were present at h the n-,:^ct n(, refer.r.ed to in tlic above eertificate. 000000605 T134OZ 00°00060£ £L -Q-T-T ° J£ sPuog o ®. octTqsn y g6T9L _ 009000650 TL -Z-9 pusZ ,suuaG40A sBxas 6£Z9L -009000605 £L-ST-ZT GSL'S spuog °0 °0 -euopesvd 9LL9L 00'0001100- 9L-1-1 SOL°£ °0 °�) OTuoquv uus £OZ,ga 000000"5e 9L--[-£ . %L S/M 'ala ° xa�L 6 puajje'j 9z�59 0040001'52 9L -T-6 %L S/M 00TH °xaZ6pwalavo Le%q 0o'00065Z LLe-49 zbZ Put3Z IsueJ@4GA sexay ZSTZL 00° 000110£ 09 -T -L o5 000 ° ILIO QSI Poollsp"Tad �(69TL 00000060£ 09 S/M °xos 60TTTnuaaa0 gLTZg o0°0o0115ZT M spuog 00 00 os'Jd Tg �IT£5Q 000000105 9 ' 23PTg ° u0S QST SuTAaj 9L��1Q 00'00065'0 £Q-T-fj %ig arluahGH jvjkj OTBr``UV uss ,),Unouly %'4TJn1133N GI-aI UoTgdTJOSOQ gdT000H oLb7-o�-� CITY OF BEAUMONT BEAUM®NT, TEXAS February 23, 1970 JAS. T. GARRARD CITY CLERK Mrs. Joe Parsley American National Bank P. 0. Box 2751 Beaumont, Texas Dear Mrs, Parsley: Attached are applications for securities for safekeeping in your bank by The City of Beaumont. City Council, in regular session, February 17, 1970, authorized by resolutions these applications. Yours very truly, Jas T. Garrard City Clerk JTG:eme Attacruments INCORPORATED BY THE CONGRESS OF THE REPUBLIC OF TEXAS. DECEMBER 16, 1538