HomeMy WebLinkAboutRES 74 138.4 4P --
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, where-
by it was provided that the said American National Bank of Beaumont
would pledge with the City Council of the City of Beaumont certain se-
curities 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
HO
64572
U. S.
Treas. 7.25%
Note,
due 5-15-74
HO
60023
U. S.
Treas. 7.25%
Note,
due 5-15-74
HO
59956
City of
Houston 62%
Bonds,
due 5-1-74
HO
59953
Ysleta
ISD 5.00% Bonds,
due 5-15-74
SK
135524
U. S.
Treas. Bills,
due
5-9-74
TOTAL
Value
$1,145,000.00
300,000.00
35,000.00
50,000.00
'13003,000.00
$1,830,000.00
WHEREAS, after this withdrawal, the American National Bank
of Beaumont will have sufficient securities pledged to protect the depo-
sits 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
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 withdrawal.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of 1974.