HomeMy WebLinkAboutRES 76 253aG3
RESOLUTION
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
60000
Houston Airport Fuel Sys 4.200
due 2-1-78
$ 25,000.00
HO
59877
Klein ISD Sch Bds 4% - due 2-1-78
$100,000.00
HO
59879
Plainview ISD 3% - due 2-10-78
$ 30,000.00
HO
61860
Harris Cnty. Flood Control 4-1/4%
due 4-1-78
$125,000.00
HO
59830
Texas Tech Univ. Gen. Tuit 6.50%
due 4-1-78
$ 70,000.00
HO
59857
Crosby ISD Sch & Stad. 6%
due 4-1-78
$ 40,000.00
HO
63046
Lubbock Elec. Lgt. & Pwr. 4.40%
due 4-15-78
$ 25,000.00
HO
60024
Spring Branch ISD 5% - due 6-1-78
$ 25,000.00
HO
59819
Arlington.ISD Refunding 50
due 6-1-78
$100,000.00
HO
60005
Perryton ISD Sch. Bldg. 3.80%
due 6-15-78
$ 25,000.00
HO
63031
Victoria Cty. Jr. Coll. 5%
due 7-1-78
$ 25,000.00
HO
59911
Houston Fire Dept. 3.5%
due 7-1-78
$ 10,000.00
HO
59915
" if " "
due 7-1-78
$ 10,000.00
HO
59909
if 11"
due 7-1-78
$ 10,000.00
HO
59890
Arlington Univ. St. 4%
due 9-1-78
$ 25,000.00
TOTAL
$645,000.00
n
�f 7.3 1- 76
and,
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
178 272 Terrell Tx. G/O 6.150 - due 2-1-78 $ 10,000.00
91 960 Dallas WW/SS Rev. 6% - due 4-1-78 $ 25,000.00
175 862 U.S. Treas. 7.75% Notes -due 11-15-81 $1,000,000.00
TOTAL $1,035,000.00
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
8.22 712 Houston, Tx. Public Imp. 3.40%
due 2-1-78 $ 50,000.00
The total securities being withdrawn from. the Federal Reserve Bank of Dallas,
Texas, frcm. the Texas Commerce Bank of Houston, Texas, and from the Republic
National Bank of Dallas, Texas are in the amount of $1,730,000.00; 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,
DESCRIPTION OF SECURITIES
Mesquite G/O 4.00% - due 5-1-79
Richardson ISD 5% - 5-15-82
Dallas WW/SS Rev. 3.4% - due 10-1-82
Lower Colo. Riv.Auth. 5-1/4% - due 5-1-84
Univ. Tx. PUF 5.70% - due 7-1-84
A & I Univ. Ge. Fee 6.25% - due 6-1-86
Lubbock G/O 4.60% - due 3-1-87
Baytown G/O 4.75% - due 2-15-88
Browsville CISD 6.30% - due 6-15-88
Plano WW/SS Rev. 4.80% - due 5-1-84
$ 30,000.00
$ 75,000.00
$ 195,000.00
$ 100,000.00
$ 250,000.00
$ 60,000.00
$ 75,000.00
$ 120,000.00
$ 40,000.00
$ 60,000.00
WHEREAS, after this withdrawal, the American National Bank of
Beaumont will have $1;185,000.00 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, tU make said withdrawal and pledge.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the
day of 1976.
- Mayor -