HomeMy WebLinkAboutRES 76 132R- 1Y6-)30-,
RESOLUTION
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WHEREAS, the City of Beaumont and the American National Bank of
Beaumont, Texas, entered into a contract dated September 9, 1975, 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
the following securities from the Federal Reserve Bank of Dallas, Texas:
RECEIPT NO. DESCRIPTION PAR VALUE
HO
59941
McAllen Tex. New Hsing Auth. 3% Bds.
Due 5-1-76
$ 40,000.00
HO
59906
Garland, Tex. Elec. Wat. & Sewer 7% Bds.
Due 9-1-76
$ 25,000.00
HO
59848
Lamar St.College of Tech. 4.75% Bds.
Due 10-1-76
$ 40,000.00
HO
59836
City of Canyon WW/SS Rev. 4-1/2 Bds.
$ 45,000.00
Due 10-1-76
HO
59938
City of.Denton Elec. Rev. 6% Bds.
Due 11-1-76
$ 80,000.00
HO
59948
Brazos River Auth. Ref. Rev. 5-1/2% Bds.
Due 11-1-76
$ 100,000.00
HO
59875
Klein ISD Sch. 3.80% Bds.
Due 2-1-77
$ 100,000.00
HO
59834
Spring Branch ISD Bds. 3-1/2%
Due 4-1-77
$ 25,000.00
HO
61861
Harris Cnty. Flood Cont. Dist. 4-1/2% Bds.",
Due 4-1-77
$ 325,000.0`
HO
63045
City of Lubbock Elec.Lgt. & Pwr. 4.35% Bds.
Due 4-15-77
$ 25,000.00
HO
59958
St.of Texas Veteran's Land 2-1/4% Bd.
Due 6-1-77
$ 25,000.00
HO
63030
Victoria Co.Jr. College 5% Bds.
Due 7-1-77
$ 25,000.00
HO
59813
Tyler ISD Sch. 3.20% Bds. Due 7-1-77.
$ 30,000.00
HO
59815
Galena Park ISD Sch. 3.25% Bds.
Due 7-15-77
$ 30,000.00
HO 59835 City of Canyon WW & SWR. 4-1/2% Bds.
Due 10-1-77 $ 50,000.00
and,
and,
WHEREAS, the American National Bank of Beaumont wishes to withdraw
the following securities from the Republic National Bank of.Dallas, Texas:
SK RECEIPT NO. DESCRIPTION OF SECURITIES PAR VALUE
822 717 Spring Branch ISD Sch.hse. 3-1/4% Bonds
Due 11-1-77
822 714 Houston ISD Sch. Hse 3.20%.Bonds
Due 8-10-77
891 586 Irving Tex. ISD U/T 3.75% Bonds
$ 28,000.00
$ 35,000.00
Due 5-15-77 $ 200,000.00
Total $ 263,000.00
The total securities being withdrawn from the Federal Reserve Bank of Dallas,
Texas, from the Texas Commerce Bank of Houston, Texas, and from the Republic
National Bank of Dallas, Texas are in the amount of $1,418,000.00; and,
WHEREAS, the American National Bank wishes to pledge the following
securities and/or U.S. Treasury Notes with the Texas Commerce Bank of Houston,
Texas:
DESCRIPTION
WHEREAS, the American National Bank of Beaumont wishes to withdraw
the
following securities from the Texas Commerce Bank of Houston,
Texas:
SK RECEIPT NO. DESCRIPTION OF SECURITIES
PAR VALUE
178
271 Terrell, Tex. G/O 6.15% Bonds.
Hurst -Euless -Bedford
ISD U/T
7% Bds. Due 3-15-83
Due 2-1-77
$
10,000.00'
98
974 Bd. of Regents Univ. of Houston 8.00%
$
75,000.00
Hurst -Euless -Bedford
Comb.Fee Rev.Bonds Due 8-1-77
$
25,000.00
176
121 Livingston ISD Sch. Bldg. U/T 6% Bds.
Due 12-15-77
$
10,000.00
Total
$
45,000.00
and,
WHEREAS, the American National Bank of Beaumont wishes to withdraw
the following securities from the Republic National Bank of.Dallas, Texas:
SK RECEIPT NO. DESCRIPTION OF SECURITIES PAR VALUE
822 717 Spring Branch ISD Sch.hse. 3-1/4% Bonds
Due 11-1-77
822 714 Houston ISD Sch. Hse 3.20%.Bonds
Due 8-10-77
891 586 Irving Tex. ISD U/T 3.75% Bonds
$ 28,000.00
$ 35,000.00
Due 5-15-77 $ 200,000.00
Total $ 263,000.00
The total securities being withdrawn from the Federal Reserve Bank of Dallas,
Texas, from the Texas Commerce Bank of Houston, Texas, and from the Republic
National Bank of Dallas, Texas are in the amount of $1,418,000.00; and,
WHEREAS, the American National Bank wishes to pledge the following
securities and/or U.S. Treasury Notes with the Texas Commerce Bank of Houston,
Texas:
DESCRIPTION
PAR VALUE
Hurst -Euless -Bedford
ISD U/T
7.00% Bds. Due 3-15-80
$
100,000.00
Hurst -Euless -Bedford
ISD U/T
7% Bds. Due 3-15-83
$
25,000.00
Hurst -Euless -Bedford
ISD U/T
6% Bds. Due 3-15-91.
$
75,000.00
Hurst -Euless -Bedford
ISD U/T
6% Bds. Due 3-15-92/91
$
100,000.00
13 2-
/'? 7
-
/Gi7.
cr. _
-13
Plano ISD Sch.-Bldg.
U/T
5.70% Bds.
Due 2-15-91/90
Plano ISD Sch.
Bldg.
U/T
5.85% Bds.
Due 2-15-92/90
Plano ISD Sch.
Bldg.
U/T
6.50% Bds.
Due 2-15-90
Ft. Worth G/0
5.35%
Bds.
Due 3-1-90
Ft. Worth G/O
6.25%
Bds.
Due 3-1-88
Harris County
Flood
Control Dist. 6% Bds. Due 3-16-89/86
.
Total
$ 200,000.00
$ 200,000.00
$ 100,000.00
$ 200,000.00
$ 100,000.00
$ 100,000.00
$1,200,000.00
WHEREAS, after this withdrawal, the American National Bank of
Beaumont will have $34,565,000.00 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
and pledge the above-described.securities, 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 of the City of Beaumont this the
v
day of ��.,QJ , 1976.
- Mayor -