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HomeMy WebLinkAboutRES 109 GGG10941A& 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,_ 1973, whereby it was provided that the said American National Bank of Beaumont may pledge 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 Federal Reserve Bank of Dallas: Receipt # Description 001680 Pasadena I.S.D. 6.% Notes., due 11-1-73 59943 Beaumont General Obligations 3.6% Notes, due 11-1-73 Value $215,000 $ 70,000 TOTAL ------$195,000 WHEREAS, after this withdrawal, the American National Bank of Beaumont will have sufficient securities pledged to pro- tect 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 Federal Re- serve Bank of Dallas, and a certified copy of this Resolution shall constitute evidence of the authority of the American Na- tional Bank of Beaumont, Texas, to make said withdrawal. PASSED BY THE CITY COUNCIL this the k day of (V 1973.