HomeMy WebLinkAboutRES 100 CCC/DO & 6/ 9
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 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 of Beaumont
wishes to withdraw $45,000 Richardson ISD,
Tex. 3.50% u/t due 3-1-76 and $50,000 Richard-
son ISD, Tex. 3.50% u/t due 3-1-77 held under
Receipt No. 59835; $100,000 West Central Tex.
Mun. Water Dist. 4.25% due 3-1-77 and $50,000
West Central Tex. Mun. Water Dist. 4.25% due
3-1-78 held under Receipt No. 68532; $1554000
Texarkana Water & Sewer Rev. 6.90% due 8-1-85.
held under Receipt No. 92642; $150,000 Fed.
Home Loan Banks 8.15% due 5-25-72 held under
Receipt No. WS 9265; and $100,000 Austin, Tex.
Hous. Auth. Project Notes 3.24% due 6-2-72
held under Receipt No. PL 001505; 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, with the exception
of the $100,000 Austin, Tex. Hous. Auth. Project Notes, from .
the Texas Commerce Bank of Houston, Texas, and to withdraw the
said $100,000 Austin, Tex. Hous. Auth. Project Notes from First
National Bank in 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 with-
drawal.
PASSED by the City Council this the �2 Jday of
1972.