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HomeMy WebLinkAboutRES 56 ZZ�6 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: $20,000.00 Mesquite Texas ISD, 5%, due 6-1-71, held under receipt No. 822716, $30,000.00 Tyler Texas W&S, 3.75%, due 4-1-72, held under receipt No. 822709, and $15,000..00 Dallas Co. Road Bonds, 3%, due 4-10-72, held under receipt No. 822710; and, WHEREAS, after this withdrawal the American National Bank of Beaumont 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 Republic National 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. PASSED by the City Council this the 13th day of October, 1970. . � IGL- v� / L A - Mayor JAS. T. GARRARD CITY CLERK CITY OF BEAUMONT BEAUMONT, TEXAS October 14, 1970 Mrs. Joe Parsley Investment Department American National Bank P. 0. Box 2751 Beaumont, Texas 77701 Dear Mrs. Parsley: Attached are four (4) Request for Substitution and/or Withdrawal of Securities held by Federal Reserve Bank of Dallas, The Republic National Bank of Dallas, Bank of the Southwest, N. A. Houston, Texas and Texas Commerce Bank N. A. Houston, Texas Under Joint Safekeeping Receipt forms which have been properly executed as requested by you. City Council, in regular session held Tuesday, October 13, 1970, authorized the withdrawal of the above securities. Yours very truly, Jas . • .T . Garrard City Clerk JTG: eme Attachments 4 ..�.�..Tvr� .,v roc i+r�w�r_o rCc r�r TUC' C1CCf11R1 1!` nC TFYAC I'1Ff'PMHFR ,R iR_iH /'q -7O i +153r:d'vl4{1:` 'a. t'. t� i 7r v �.. ,.� ',., '''1�:, ,'•E;. _' 1 1 ''.I , I d C pt J '"' i , ',. r .1 r � OFFICE MEMO N , LJ + r t rt t T 1 i/:r ' '.i ; r '; V ' i 1 f, i I t, ,�A jl { , I a,U', fl 1 c CITY ®� .�EAUMO T, ,ENA '. :1 v I1 )�35� "r x , 1 r a ,, , 1 1" I _' iNp,f,Gi,, 1 7 "r. . 5{ r 1 t �, J J "n �r t ¢ t , 4 i b '{ I f 1�J la's t - r h£ i r 1 ' t JS.d _+. N ,. !1-! , ,'l ' '1 , J (� g U41 i` I 1 " iF e 7 ' 1 {, I 1 "I 11 �f - 3 s •%F r>itl '( 3," } `" �Qte OCTOBER ,. - 4 R '7.19, t Y Y I fl" . , ,, fi' 3 >•: t J J r ,, ;te +J. $1 t 4 F b x� 1! 1 r' it 1p� s i I t I a i i4 • 1 •s) (&oi„t I II . a } , i ” Ta `�1"+EAN RAIVOM"t GITY CONTROLLER >'I t'y i 3A..F� "C J t itr, kl� ! F, , IV , xY t F '�� , 1 1 I Rtt..'. ti , From r�ti!:�-1 ;'JAS-' T, ",GAR ..1ij CITY CLERK ; r � , i:i 31 ) i i a a( 1 il., 4 Subject rkA{* r=� REQUEST ;F,OR SUBSTI�r -TION AND�OR WITHDRA1ijTA� OF'�'SECURITIES a ilk ,y r r ( , . a ) � ;�s f ! I,h1� 1r 1 . i ,C { 5t ,1 I J iy G,lt� yr t R { t'.� �' ! r `, r) i ; y�:r 1 I k. J4J+ I' f t ,l 1a sary d C�MlaJIE. I � ' f V l r, t , 4 t I� I J a s '� 's t +i 5: 1 , ,, IT a yea '�.j ' ,t.l v w 1 f .i ? I r7 y , t yy ' .'j y , tkl J.,. r tt� y IiJ. tt r r-,'rF { i� r j' t " 'S ' i� I } Irk. r Y r d5 �. { k r 11.1 1 1 , d �f I }) -, t : I,ll � t J) 7;3r 1 d slt r� it , I I�S,It 11'}t l ,h".{ -) J{at^}; i J'. , u l t- Jr{,' 'y , 1 -8 It 't 1). 1 .r tt , rr'-i�� t) ' .' �'i r t 7 eJ , a r� t 'I k t..: f t„I1f;y,rA,� ,( 41r ,r r b is� f 1 t l ,I t� r " i I 1 yl" t '- it - �' i t' + c �i" f { 1 ck Attached ::are four C) Recuest.,f br QSubsttutlon and f drawal : of Secitritiers held by Federal ReserveBanit of Dal " ,' ' ` Republic riNational BAA of Dallas B n ;of they Snu homes. i t M aHotzton :;'-Texas.r�and�,;Teas' COimnerCMe`'$ankt.N•�i:.�HQllSt0n' 'Te 9 ya , rs - Wint Sa�'ekeeping Receipt forms 'why chi have tbeeri properly ,, 1 , , r ! i i Ir° ! x �t 1 a 7 - r r 1 p i 7 '4 { 1 '� „ I £ ,. +t 5 n '�', ;, I.1 d' Cztyr,Council,i do regular,�sessi'on held Tuesday, iQcto ' I d -970L autho�i"zeds 'h'6 w� tY� ' ,; w* l of -the rabove' securZties, t 1{ T d i, Il 1 d i 1, y 1 I 1 g 1 �' f Y -f 3 it + , _ �i x15 t,^I i t I 1' tlit i.$ ( y ,I,yi e Y �l'1"i T t11 s, , , I ,, :.r I I r, Yogis very truly i -, t i{ A f 1 a 1 J z { r 1, l I _ , I C I: t I 1 s ii I � , �� I� II� - r l.I J 4 S I L S + ;1l1' 1 t� l 1 t r Ij. ff t a` ". tt1 t' „y i� 1„�t 13 +1 ' I e` 1 1 t i a y - 41 , 1 3 'r i t I t . � � i ; + , j. r.t 3 { r Jas T. 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Jt . } (,I a 1S , L , i t , I . ,( 4 I .r , .n S t"1�4 '11 _ , . }' ) i 5 ,d , .. ) r . `. � . i, r ifEST FOR SUMTITUTIC24 ATdD,,POR WI"iiDl' T T, OF SECURITY S 19,71,1) BY TITE =1 B.LIC NATI NAL RPUN K OF DUIL.LAAS UNI D3R J ORI T SAT-TwKEZY' LNi G R C E IPT The undersigned Dencsitor and D<pository jointly request the Pzpublic � ational Bank of Dallas to substitut : oi' perni.t< a Withdrawal of th,a securities .:hich it holds under S Joint Safekeeping Receipt issued I it to the undersi dpi d in accordance with the terms of the resolution her -r -ender quoted and to dpliv@r they Securities vu.",bstitudcd for or �,7thda:tra to the party namad in such revolutiono CITY OF BEAUMONT By: T Depositor Ci {Y uLCklf. . THE AMERICAN NATIOUAL BANK OF BEAUMONT Depository LOT 10H SEE REVERSE "whereas, heretofore, under date of _ Q19 the Republic National Bank of Dallas issued to CITY OF BFAUMONT� ,Dopositor, and J�i„E A�i�RJ�Ai�? 1 ATIONALBANK OFY BEAUMONT TEXAS s L�,� o� �. �o�, :i r: Jo? n afc�kF�oping Receipt or receipts covering co-r-caln s,&cua lti es$ and "Whereas, both the D.-poc l.t(�,-r and lizooci.toxy noT desire the Republic National Bank of Dallas to permit a substitut-iun of curtain senuritioa, or a r.ithdrawal of securities, which it now holds no hereafter more fully set forth; and "whereas, the sacur'ities, if any, hagninaftcr mentioned, which the above naked partipM desire to substitui..e in lieu of those hereto fore placed in safekeeping with the Republic National Bank of Da11a5, meet the requA7-=eats of law and have been and are herc-by approved.; and " . whereas, the securities, if my, hereinafter mentioned, which the above named parties wish to withdraw, are entitled tiuider law to be withdra�,: "Now,therefor,, be it resolved: That �thh Reemblic National Bank of Dallas be and it is hereby requested and authors and 'to surrender the following s ocurities heretofore placed with it for safekeeping by the above named parties, to -wits RECEIPT NO. DESCRIPTIQ4 SEE REVERSE PAR VALUE and to receiee in lieu thereof the following securities, which are hereby in all .respects approved: DESCRIPTION COUPONS PAR VALUE NONE "Be it further resolved: That the Republic National Bank of Dallas be and it is hereby authorized tcxXR1X7wT- the securities described herein to be substituted or withdrawn to AMERICAN NATIONAL BANK'S SAFEKEEPING ACCOUNT or its order. This is to certify that the above and foregoing resolution rias duly passed by CITY OF BEAUMONT at a meeting properly held on tho = day of OCTOBER 919 70, the undersigned Members, who constitute a quorcm, being present all which dilly appears in the Minutes of 'said meeting. - k n CIl�� CLERK. SEAL The members of the Governing Body whose signatures appear below were present at the mPpt.inrt rAfArrnd to in the above certificate. - 1p-13-l�ilD Receipt Dated Security Rate M,itur:ity Amount ReceipL 2-25--70 Mesquite Tex. :CSD 5% 6-1-71 $ 20,000.00 822716 2-25-70 Tyler Texas W&S 3.75 4-1-72 30,000.00 822700 2-25-70 Dallas Co., -Road Bd. 3% 4-10--72 15,000.00 822710 Total $ 65,000.00