HomeMy WebLinkAboutMinutes - City Council - Regular - 8/14/1935RECESSED REGULAR 3i7,E TING .
Lubbock, `i'exas, August 14, 19:�5.
The City Commission of the City of Lubbock, Texas, met at 11 A.M. in
Recessed Regular Session, Recessed from Regular Meeting of August 89
1935, at the Regular Meeting Place in the City Hall, the following
members thereof being present, to -wit:
Mayor Ross Edwards, Commissioners J.C. Royalty, W.B. Price, City
Manager 7. H. Rodgers.
Absent: Commissioners A.J. Richardson and Ueo. E. Benson, and
City Secretary "'.0. Stevens.
Motion by Commissioner Price, seconded by Commissioner Royalty,
the follov!ing Resolution carried unanimously.
R E S O L U T I O N
CITY OF LUBBOCK
Concerning Certain :securities Deposited By
Citizens lational -bank of Lubbock, 'Texas.
Be It Remembered: That on this 14th day of August, 1935, at a,
re�ula.rly called meeting of the City Uommission of the Uity of
Lubbock_ Texas, a quorum being present, it �.zras duly moved by
commissioner "'.B. Price and seconded by L-om-inissioner J.C. Royalty,
and unanimously agreed that the Citizens National .yank of Lubbock,
by, and it is hereby authorized to withdraw from the First lV-?.ti onal
Bank of Ft "orth, 'Texas, the following described securities
deposited by the Citizens B-itional Bank of Lubbock, 'Texas, frith the
l'irst Eational Bank of r'ort •-orth, 'Texas, for the purpose of covering
deposits of the said city, as more fully shown by Ordinance iwo. 52P,
)assed and aprroved on the 24th day of January, 1935.
12-31,000.00 City of Lubbock Street Improvement
bonds, dated i'eb. llt];L, 19299 576, being loos. 919,
due i'eb. llth, 1958, No. 28, due Feb. llth, 19439,
No. 32 due i'eb. llth, 1944, IVos. 37-38-39 due r'eb.
llth, 19459 Nos. 40-41-42-43 due r'eb. llth, 1.9469
iVos. 44- 15 due iveb. llth, 1947, interest due i'eb.
llth and August llth.
5- 7l,000.00 City of Lubbock :street improvement bonds,
Nos. 66-70, Ser. 1924, 51%, Datediiay 1st, 1924,
due April loth, 1935.
12-�l,000.00 City of Lubbock Street imprw ement ponds,
Series 1929, 5% No. 19, due Feb. llth, 1940,
46-47 due Feb. llth, 19479 82-83 due i'eb. llth, 1956,
1vos. 88-89-90 due Feb. llth, 1958, Ms. 96-97-98-99,
due F'eb.11th, 1960.
Together -.=rith all coupons attAched to the foregoing bonds.
This resolution is passed for the purpose of releasing the
foregoing• securities for the reason that the total a ount of
deposits have decreased more than the face amount of the
secv-sties herein released, and for the reason that the amount
of securities retained exceed the total em ount of the city's
deposit in the said bank, the securities remaining pledgEd being
ample to meet the requirements of law and of the city cormiission.
Passed and approved this 14th day of =august, 1935.
1
_ Ross Edwards _
mayor _._.
ATTEST: tiJ 0 Stevens
Cit,T Secretary
(Seal).
No further business coming up for considerations, upon motion by
Commissioner Price, seconded by Commissioner Royalty, the Lity
Commission Recessed to meet 1-august 17, 1935, at 9 -A.M.
Read and approved thisof _, 935.
ayor
ATTEST:
City Secretary.—�