HomeMy WebLinkAboutRES 88 YYI=
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 wishes to
withdraw the following securities: $100,000.00
Federal Land Banks 6.20% due 4-20-70, held under
receipt #93506; 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 permitted
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.
1970.
PASSED by the City Council this the 21st day of April,
- Mayor -