HomeMy WebLinkAboutResolution - 121343A - Confirmation Of Deposits Made By Citizens National Bank - 12/13/1943 Best Available Scan
RESOLUTION
1213H3A
By IT RJ EAMBERED: That the Citizens National Bank of Lubbock
placed w.th the First National Bank of Fort '.forth, additional
securities to cover the Guarantee of the Citv's funds, and upon
motion made by Commissioner Hub Jones , seconded by
Com-iissin, er W.r'. ;rice
, carried unanimously,
that the City accept the additional securities.
",TMRyAS) by Resolution passed and approved on the 23rd of April,
1942, the Citizens National Bank of Lubbock, Texas, wasselected
as the Depository of the funds of the City of Lubbock, Texas, to be
secured by Deposit of rermissible securities under the Statutes
of this State,, and
"=REAS, the said the Citizens National Bank has placed with the
First National Bank of Fort 4orth, Fort !.-7orth, Texas, securities for
the fury ose of covering deposits of this City with such depository
in compliance with such selection and said Resolution, which said
securities are described as follows:
2 - X1,000.00 #s 1105-06
7 -X10,000.00 ;#s 6679-85 incl.
1 -11100,000.00 � 1483
7/8J United States Certificate of Indebtedness, Series F-1944
Dated October 15, 1943 Due October 1, 1944 Interest payable
Arril lst and October 1st with April 1, 1944 and October 1,
1944 coupons attached.
:;172,000.00
which are held to the joint account of the Depository and this City
for indemnity to the City;
NO'."', THMEFORE 0 BE T1 RESOLVED BY THE CITY COMITISS ION
of the City of Lubbock, Texas, thet the City of Lubbock , Texas,
does here ratify and confirm such deposit and the terms thereof,
and the individual securities as being acceptable and in compliance
with the resolution selecting the depository, insofar as the face of
such securities do not exceed the sums of the City on Deposit .ATith
said The Citizens National Bank of Lubbock, Texas.
OPassed and approved by unanimous vote of the City Commission, this the
13th day of December , 1943.
Atte
City Secreta