HomeMy WebLinkAboutResolution - 052252C - Replacement Of U.S. Treasury Notes - Citizens National Bank (COL Depository) - 05/22/1952Qom? ZSZ r
RESOLUTION
WJERWJ the Citizens National Bank -of Lubbock, Texas, depository for
the City of Lubbock, desires to substitute securities and to replace certain U.S.
Treasury Notes, Series A-1955, THEREFORE,
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LMBOCKs
THAT, the Citizens Rational Bank: of Lubbock, Texas be and it is hereby
authorized to replace Three Jdllion and 1T0/l0O 03,000,000.00) Dollars,'One and
One-half Percent (1 1/2%) U.S. Treasury Dotes, Series A-1955 held under Republic
National Bank cf Dallas, Texas, Safekeeping Receipt No. 3521+1, and in lieu thereof
to replace said securities lith Three Million and NOAOO (f3#OOOs000.00)'Do1lars,
U.S, Treasury -Two Percent (2%) Bonds of December 15, 1952-54, and further pro-
vided 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 Davis , Seconded by
Commissioner Tn2j3 the foto oi"' resolution was unanimous]
...,...� Commission _ , ng, y
►assed by ;an affirmative vote of the City Commission this 22..2.fid ,..day of May,
:,.1952.
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ATTEST:
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City Secretary.. easur r
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5-24.`52