HomeMy WebLinkAboutRES 12 CCCKEWJr/im/2/17/72
/02- ( 9 d,
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, 1971, whereby it was
provided that 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 withdraw the following securities
from the Texas.Commerce Bank of Houston, Texas:
$200,000 Aldine, Tex. I.S.D., 6.60%, due 11-1-87,
held under receipt #106 829; $100,000 Houston
I.S.D., 2.50%, due 3-10-72, held under receipt
#103 329; and,
WHEREAS, the American National Bank of Beaumont
wishes to withdraw the following securities
from the Republic National Bank of Dallas,
Texas: $200,000 Sherman Texas HAA Proj. Notes,
3.18%, due 3-17-72, held under receipt #872 192;
and,
WHEREAS, after this withdrawal 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 withdraw the above-described securities from the Texas Commerce
Bank of Houston, Texas and the Republic National Bank of Dallas, 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.
PASSED By the City Council this the�� day of
1972.
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