HomeMy WebLinkAboutRES 87 ZZ7 7 Z z
A R E S O 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
pledge the following securities: $1,779,000.00
U. S. Treasury Notes, Ser. D-1974 due 5-15-74
7.25% held under Receipt No. H-53739; 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 BEAUMONT:
That the American National Bank of Beaumont, Texas, be permitted
to pledge the above described securities with -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 pledge.
PASSED by the City Council this the .5�. day of
A.. D.
- Mayor -
THE AMERICAN NATIONAL BANK OF BEAUMONT
THE AMERICAN CENTER
BEAUMONT, TEXAS
December 24, 1970'
W. G. JOHNSON -
VICE PRESIDENT AND CASHIER
P-��33
/ 5
Mr. Dean Ransom, Comptroller
CITY OF BEAUMONT
P. 0. Box 3827
Beaumont, Texas 77704
Dear Mr. Ransom:
We attach .the properly executed forms to pledge an additional $ 2,079,000.00
to secure.your Time and Demand Deposits.
The above will have the net.effect of:increasing the total securities pledged
to the..City of Beaumont to a new total of $ 7,577,000.00.
Will you please -return-the originals of the two (2) forms to us for forwarding
to the appropriate banks.
If we can be of any further assistance to you, please call upon us.
Very truly y ,
Z5
W. G.Johns ,
Vice Preside and
Cashier
nks
Encl: 2'Pledge Forms
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v/35
Ij Clues fo 'Substitutiur I r': ith(Ir wal'cf, sccuritic ld byr RANI{ '0 F. TIIL'
SQU.TI1�V-EST, N.W., H0 01\T,. TEXAS cinder joint: Saf e 'c
c�.�.el �iniht
b r c .
Tli'eundersigned Depositor aiid''`I�cpos'itoryt'Jointl.y .request the BAMS. OF T,IE 'SOU'I IItiVES ;
N.A,.•LhIO;USTQN,',, TEXAS to 'substitute:°o r;,p.e'r�nit a withdrawal„of the securiti-e s, which it
,.. ,..
holds' ui der• ,Joint;Sp_fe,keepin Receipt is,siLed by, it t� the `undersigned ,iii acc'oriiance with
the terirns;of the're-solution lie reunder'quoted;.and to deliver'the'secur'ities'.substitutcd.for
or. withdrawn to the: party named• in su :'h'l” esolution.
t• r iI , I � C J. +
CITY OF BEAUMONT:;� TEXAS .
4t BY:
Depos ito•,r,.
;. .'`' I I, � . I+ lit it , d, 'd.'• i ' J ',,L1 ,' I ,,,
r AMERICAN' NATIONAL BANK OF BEAUMONTBy
, TE
el
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Depositor ,
W. G. Johnson,,,Vic resident & Cashie
' RESOLUTION
!lWherea,s,, heretofore, under; date of .~;lj'-i(_70 the BANK OF!T•HE SOUTH.W'EST, 'N. A.
;HOUSTQN;.";TEXAS: issued to, American 'National"" Bank 'Depository',':,iri Jo.iiit; Safekeeping
Receipt o'r' receipts covering certain securities; and
Whereas,,''both the Depositor and De'pository`,now desire the BA"NK ,Ok' THE SO,U.TH�VE5T,
N,. A'.'): OUSTON,''TEXAS to peimit'a"''s'ubstitution of certain securities, or'a',withdrawal
securitie's.;,'which it now holds.as hereafter' more fully 'set -forth;' and
'!IVherea , 'the' securities, if any, hereinafter mentioned,' which the above named parties
'_ Oe'si:re'to: s-gbs,titut`e in lieu'of 'those'heretofo'replaced in'safe'keepin'g with the", -BANK OF' TH
SO.UTHWEST, 'N:A. 'HOUSTON',' TEXAS",', meet with the, requirements of ,law -and have been
and are' hereby approved; and', '..�1.
iwherea`s;;•the securities, if any.,'.heie,inafter. mentioned'.which the above-named parties
wish -to'-withdraw, are entitled under the ;law to be withdrawn:
ov�, .ther,efore, be -it, resolved': , That'the•'BA?�IK OF THE SOUTHWEST; N.'A HOUSTON,,
TEXAS'''&' and hereby'requested"and 'authorized to surrender'the'-followirig.securities
here'tofo're`placed with it for saf;,ekeeping b'y'the above named parties; _to -wit:.,;',,.
RECEIPT' NO'. DESCRIP'T'ION PAR VALUE
NONE
A, ' and to receive in'lieu'ihe.reof the' following'secur'ties, which are hereby in'all" irespects '
appr`ove'd:
DESCRIPTION PAR VALUE
134 584r;97;r. U. S.,'Treasury,'Note's '7.25 ,:due 5-15-74 $ 300,'000:00 '
"Be it further resolved: That'the BANK OF ' SOUTHI'VES'T,' N.A. HOUSTON, ?'TEXAS be
and. it is:, hereby authorized to deliver the securities described herein to be substituted for
or withdrawn to, NONE
or its order.
This is'to"certify that the above and foregoing, resolution was duly passed by The _3
;'CITY OF'BEAUMONT, TEXAS', 'at a meeting properly held'on the,
day of., 4 , 19L, the• -undersigned Members, who constitute a quorum, being
preserf• ,• a11' of Aich fully appears in the .Minutes of said meeting.:-
SEAL !. -
.,,The nnerhbers'of'the Governing Body whose'signatures appear below were present at the',
meeting referred'to in the above'.c.ertificate.
J.
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