HomeMy WebLinkAboutRES 8 GGGF G& C --,-
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 June 19, 1973, 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 from the Texas Commerce Bank
of Houston $350,000 U. S. Treasury 6.00% Notes,
due 11-15-78, held under Receipt No. 123-009
and $250,000 U. S. Treasury. -4.125% Bonds, due
11-15-73, held under Receipt No. 123-008; and,
WHEREAS, after this withdrawal, the American
National Bank of Beaumont will have sufficient
securities still remaining pledged to protect
the deposits of the City of Beaumont, Texas;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF
OF THE CITY OF BEAUMONT:
That the American National Bank of Beaumont, Texas, be permitted
to withdraw the securities above described from the Texas Com-
merce Bank of Houston, 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 and
pledge.
PASSED by the City Council this day of
Q11PI I
1973.
46L
Mayor '