HomeMy WebLinkAboutResolution - 051348A - Release Of U.S. Treasury Notes And Bills - Citizens National Bank - 05/13/1948RESOLUTION
BE IT REMEMBERED tbat 4t a regular meeting of the. City C ommiss Lan ,
of the City of Lubbock, Texas, a quorum being present upon Motion
by C commissioner nri ne # seconded by Comudesioner
White side , carried unanimously, the following
esolutlon was passed:
WHEREAS, the Citizens stat io nal Bank of Lubbock, Texas, has placed
,_vi.th,.the Dallas National Bank of Dallas, Texas, . securtties for the
purpo se of covering deposits sof the City of Lubbock, Texas,. with
suet depository-, said securities being r.
$1,500,000.00 (par value), United States 1-1/2% 'areas Notes,
Series A.-1946# dated march .15 1944, due September 15i -19419
interest payable semi-annually arch and Be bember lath, being.
No. 3351 for 1,0009000.00, and Bos. 4193236 for $100,000.00
each, having the March 151, 1947, and subsequent coupons attached
and
#29500 000400 (par value) United States Treasur Bills dated
JUrch is, 194$* due June .7i 1949, Nos# 392619 45 for 100,000.0
each;
WHEREAS the said Citizens National Bank desires to withdraw the
above listed securities from the said depository and to substitute
th etre fo
1, 3OO000.00 Jpar valve) 'tufted ,States 2 % Treasury. Bands of 193&59
dated 'dune 2 - 1941, due March 15 j. 1959, redeemable on and after
arck. l5, 1969 inters at aysble semi -annually. -Mar
ch and September
15th. being Bands Nos. 11 SOL/ML inclusive and 57184/721A i.uclusivi
for 0-6 00mo each, having the September 15, 190 and subsequent
.coupons attached;
:U .o00 (par value) United States 2.1/4% Treasury Bonds of 1956-5.
date February 1, 1944 due September 15 1959 redeemable on add
after September15 1916, interest payAbie semi-annually March and
September 15th, Ibeing Bofids Nos.. 88 /S9W inclusive for $100,000.00
each, having4the September 15, 1948 and subsequent coupons attached.
A00. 000.00 (par value) United States 21Treasury Bunds of 1467-72
dated 6ctober 20 1941 due September 15, 1972 redeemable on and
after.: Septembers, 197, interest ppaayable sem_nually March .and
September 15th, being Bonde Nos. 196478/6528 inclusive and
25590LI.i93C 'inclusive for $100,000.00 each, having the September
159 1W and subsequent coupons attached.
THEREFORE BE 1T RESOLVED BY THE CITY COM 41SSION OF THE CITY OF
LCBBOCK t +Bus r
That the City of Lubbockt Texas, does hereby authorise the
y,
release of the hereinbefore described 1jOW,,000.00 in
nited. States Treasury Notes and Treasury Bills and .the
stitution therefor of the 3,500,000.00 (pay' value
reasu�ry Bands as listed above.
assed and. approved this the „_.13day. of ;..,.,..Y.`.r�: 1948.
SECRETARY
(SEAL)
110^