HomeMy WebLinkAboutRES 26 ZZ7
�O/ Z z
A R E S 0'L U T I 0 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: $400,000.00
U. S. Treasury Bond of 1970 4% due 8-15-70,
held under Receipt.#H-7171; 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 the Federal
Reserve Bank of Dallas, 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 11th day of August,
- Mayor -
Ri ?UE5L FOR SUBSTITUTION AND/,•__ ' NITHDRAWAL' OF SEGURIT1E5 HELD 'FEDERAL RESERVE BANK _1
OF DALLAS UNDER JOINT SAFEKEEPING RECEIPT � ✓� l— �" `
The'iiridersigned Depositor and Depository jointly request the Federal Reserve B nk of Dallas to substitute or permit a withdrawal of'tbe securities
which it holds under Joint Safekeeping Receipt issued by it to the undersigned, in 'accordance with the terms of the resolution hereafter quoted; and to '
deliver the securities substituted for or withdrawn to the party named in such resolution.
rTTY OF BEAUMONT
_e?
By � -�
Depositor.
THE AMERICAN NATIONAL BANK OF BEAUMONT, TEXAS
By Depository.
RESOLUTION
October 14,- 19 69 , the Federal Reserve Bank of Dallas issued to
"Whereas, heretofore, under. date of I
City of Beaumont , AlDepositor, and
llerican Natrona. t ail o eaumon, Depository,
its Joint Safekeeping Receipt or receipts covering certain securities; and
"Whereas, both the Depositor and Depository now desire the Federal Reserve Bank of Dallas to permit a substitution of certain securities, ora with-
drawal of securities, which it now holds, as hereinafter more fully set forth; and
"Whereas, the securities, if any, hereinafter mentioned, which the above named parties desire to substitute in lieu of those heretofore placed in safe-
keeping with the Federal Reserve Bank of Dallas, meet with the requirements of lav and have been and are hereby, approved; and
"Whereas, the securities, if any, hereinafter mentioned, which the above, named parties wish to withdraw, are entitled under the law to be withdrawn;
"Now, therefore, be it resolved: That the Federal Reserve Bank of Dallas be and it is hereby requested and authorized ,to surrender the following
securities heretofore placed with it for safekeeping by the above named parties, to-}vit
PAR VALUE
RECEIPT NO. DESCRIPTION a
H-7171 U. S. Tres.. Bond of 1970 4% due 8-15-70 $400,000.00
� I
(Here describe securities to be substituted for or withdrawn: If above space is not sufficient, continue description on reverse side hereof.)
and to receive in lieu thereof the following securities, which are hereby in all respects approved:
COUPONS PAR VALUE
DESCRIPTION
NONE
(Here describe securities to be taken in substitution or in the event this is a withdrawal without substitution write in the word "None." If above space
is not sufficient, continue description on reverse side hereof.) .
substi-
"Be it further resolved: That the Federal Reserve Bank of Dallas be and it is hereby authorized to deliver the securities: described herein to be American National Bank of Beaumont Texas o i its order."
tuted for or withdrawn to
Cit of Beaumont
This is to certify that the above and foregoing resolution was duly passed by (Here insert name of Governing Body)
August , 19 70 , a_quorum being present, all of which fully
at a meeting properly held on the / day of
appears in the minutes of said meeting.
Clerk. .....'