HomeMy WebLinkAboutResolution - 021847A - Release Of U.S. Certificates Of Indebtedness - Citizens National Bank - 02/18/1947RESOLUT- ION
BE IT REME1BERED that at a t�ecessed Re_.ular Iieeting of the
City Commission of the City of Lubbock, Texas, a quorum being
present, upon motion by Commissioner Childress, seconded by
Commissioner Dickey, carried unanimously, the following
Resolution was adopted:
?';WHEREAS, the Citizens National Bank of Lubbock, Texas, has
placed with the DAL-L�s National Bank of Dallas; Texas,
securities for the purpose of covering deposits of the City
of Lubbock, Texas, with such derository, said securities being:
X1,800,000.00 (par value) United States 7/8,o Certificates of
Indebtedness, Series C-1947, dated blarch 1, 1946, due Idarch 1,
1947, interest payable semi-annually September and March 1,
being Certs. Nos. 106 for X1,000,000.00 and 1096, 1097, 1098,
1099, 1100, 18660, 18661 and 18662 for 4100,000.00 each,
with the September 1, 1946 and ivlarch 1, 1947 coupons attach-
ed,
9 D,
I—E-EREAS, the said Citizens National Bank desires to withdraw
the above listed see,,rities from the said depository and to
substitute therefor,
$1,500,000.00 (par value), United States 1 1/2o Treasury
Notes, Series A-1948, dated -larch 15, 1944, due September
159 1948, interest pay=able semi-annually ivlarch and September
15th: being No. 3351 for X1,000,000.00, and Nos. 41932/36
for X100,000.00 each, having the March 15, 1947, and
subsequent coupons attached.
THEREFORE, BE IT RESOLVED B`r TIL CITY COMIJISSION OF TME CITY OF
LUBBOCK , TEXAS :
That the City of Lubbock, Texas, does hereby authorize the
release of the hereinbefore described ;1,800,000.00 in United
States Certificates of Indebtedness and sub,sft�_tution
therefor of 41,500,000.00 (par value) Uni e 1 1 1/2'% oreasury
Notes, Series A-1948 dated March 15, 1944, due September 15,
1948.
Passed and ap--Oroved this the 18th day of February, 1947.
4h1A �_-,R__
City Secret y.