HomeMy WebLinkAboutResolution - 021153A - Release Of U.S. Treasury Bonds - Citizens National Bank (COL Depository) - 02/11/1953R E S O L U T I O N
�jWHEREAS, the Citizens National Bank of Lubbock, Texas, Depository
for the City of Lubbock, desires to substitute'securties and,tb;,replace cer-
/,'� tain United States Treasury Bonds; THERE -FORE,
BE IT RESOLVED BY THE CITY COM14ISSION OF THE CITY OF LUBBOCK:
THAT, the Citizens National Bank of Lubbock, Texas be, and it is hereby
authorized to replace One Million and N0/100 (01,000,000.00) Dollars, Two Percent
W) United States Treasury Bonds of June, 1954-52 held under Republic National
Bank of Dallas, Texas, Safekeeping Receipt No. 4.7.576, and in lieu thereof to
" replace said ser3irities with One Million and N01100 ($1,0001,000.00) Dollars; Wo
and One-fourth Percent (2t%) United States' Treasury Bonds.of 1959-.56, and further
provided that bonds off' similar kinds shall remain on deposit at all times adequate
to secure the''Cityrs balance with said DBpository.
On motion of Commissioner Carppnt.Pr , seconded by
Commissioner Thais , the foregoing Resolution was
unanimously passed by an affirmative vote of the City Commission this 11Th day of
FPhruary , 1953.
oe-
ML RIPP or
ATTEST:
Lave 'a Lowe, Cit Secretary -Treasurer
CAM:rr
1-30-53