HomeMy WebLinkAboutResolution - 010853B - Release Of U.S. Treasury Bonds - Citizens National Bank (COL Depository) - 01/08/1953r^
R E S O L U T I O N
WHEREAS, the Citizens National Bank of Lubbock, Texas, Depository
for the City of Lubbock, desires to substitute securities and to replaco cer-
tain United States Treasury Bonds; THEREFORE,
BE IT RESOLVED BY THE CITY COPMSSION OF THE CITY OF LUBBOCy►:
THAT, the Citizens National Bank of Lubbock, Texas be, and it is
hereby authorized to replace One Million and N0/100 (611'000,000.00) Dollars,
Two and one-fourth Percent (2-1/4%), 19.59-56 United States Treasury Bonds held
under Republic National Bank of Dallas, Texas, Safekeeping Receipt No. 41103,
and One Million and N0/100 M,00O�000.00) Dollars, Two and one-fourth Percent
(2-1/4%), 1959-56 United States Treasury Bonds 'held under Republic National
Bank of. Dallas Texas, Safekeeping Receipt No. 41.149, and One Million and NO/100
(61,000,000.005 Dollars, Two'and three-eighths Fem9nt (2-3/8%) United States
Treasury Bonds held under Republic'National Bank of Dallas, Texas, Safekeeping
Receipt No. 41142, and in Lieu thereof to replace said securities with Two Mil-
lion and NO/100 (62,000,000.00) Dollars, Two Percent (!%) United States Treasury
Bonds of December 1954,52, and One Million and N01100 ($1,000,000.00) Dollars,
Two Percent '(2%) LIted States Treasury;Bonds of June, 1954-52, and further
provided that bonds of similar kind sh0a remain on deposit at all times adequate
to secure the City�s balance with said Depository.
On motion of Commissioner Davis , seconded by
Commissioner Carpenter , the foregoing Resolution was unanimously
passed by an affirmative vote of the City Commission this Stn day of
January , 1953•
RIPP
ATTEST:�Z/ �V
Lav nia Lowe,City Se retary-Treasurer
CAM:rr
1-6-53