HomeMy WebLinkAboutResolution - 070854B - Release Of U.S. Treasury Bonds - Citizens National Bank (COL Depository) - 07/08/1954R E 8 4 L U T I O N
WHEREAS, the Citizens National Bank of Lubbock,.. Texas,
2 copies depository --for the City of Lubbock,. desires to substitute securities and
to Harold to release certain United dates Treasury Bonds pledged to secure funds
Munn, on deposit; T pI E R E P O R E,
Cashier
Citizens
rational BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY 'OF LUBBOCK:
Bank.
74-54 T HA T the Citizens .National Bank of Lubbock, 'texas, BE and itis
hereby authorized to release One Million and No/l00 ($1,'000, 000. 00) Dollars
two and one-fourth per cent _(2-e1/4%) U. S. Treasury Bonds of June 196259,
Receipt No. 477$0, issued by the Republic National Bank of Dallas,. Texas,
and in lieu thereof to replace said securities with One .Million and No/100
($1, 000, 000.00) Dollars two and,one- half per cent (2-1/2%) U. S. Treasury
Bonds of 1967/6Z, and further providing that bonds of similar kind shall
remain on deposit at all times adequate to secure the City"s balance with
said depository.
On motion of Commissioner Carpenter seconded by Com-
missioner 'Forrest , this Resolution was passed on this
the 8th day of July , 1954, by unanimous vote of the City
Commission.
A
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ATTEST:
Lavenfa .owe, i y etre y=Treasurer
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7-5-54