HomeMy WebLinkAboutResolution - 071052A - Replacement Of U.S. Treasury Bills And Bonds - Citizens National Bank. - 07/10/1952 J
RESOLUTION
YMREAS, the Citizens National Bank of Lubbock, Texas, Depository
for the City of Lubbock, Texas, desires to substitute securities
and to replace certain" U.S. Treasury Bills and U.S. Treasury Bonds,
THEREFORE,
BE IT RESOLVED BY THE CITY C OMAISSION OF THE CITY OF LUBBOCK:
That the Citizens National Bank of Lubbock, Texas, be and it is
hereby authorized to withdraw,,
$19000 ,000 .00 U.S. Treasury Bills due July 24, 1952;
held under Republic National Bank of Dallas, Texas
Customer's Receipt Number 39520 dated May 16, 1952
and
$320001000.00 2% U.S. Treasury Bonds of December 15, 1952/54
held under Republic .National Bank, Dallas, Texas, Customerts
Receipt Number 39518, dated May 169 ,1952
and in lieu thereof to replace said securities with
4410009000.00 2 3/8% U.S. Treasury Bonds
dated July 1, 1952, due June 15, 1958
and further provided that bonds of similar kind shall remain
on deposit at all times adequate to secure the Cit y's balance
with said depository.
On motion of commissioner Davis , seconded by Commissioner
Thomas , the foregoing resolution was unanimously
passed by an affirmative vote of the City Commission this loth
day of July , 1952
Harry Sorris Mayor Pro-Tem
AT T
cretary-T eas er. VP
*77;:u
City A torney.