HomeMy WebLinkAboutResolution - 101443A - Confirmation Of Deposits Made By Citizens National Bank - 10/14/1943 Best Available Scan
RESOLUTION
1014 4 3,q
BE IT REMEMBERED: 'hat the citizens National Bank of Lubbock
placed with the First National Bank of Fort 4orth, additional
securities to cover the guarantee of the City's funds, and upon
motion by Commissioner J.U. Jones , seconded by Commissioner
Garland Newsom , carried unanimously, that the amity accept
the additional securities.
WHEREAS, by Resolution passed and approved on the 23rd of Kiril,
1942, the citizens National Bank of Lubbock,Texas, was selected as the Depo-
sitory of the funds of the '-1ity of Lubbock, texas, to be secured by
Deposit of permissible securities under the Statutes of this State, and
17EREAS, the said the Citizens National Bank has placed with the
-'first National. Bank of Fort 'north, Fort "'orth, 'Texas, securities for
the purpose of covering deposits of this "ity with such depository in
compliance .�Tith such selection and said resolution, which said
securities are described as follows:
1 - X1009000.00 # 117418, United States 'Treasury Bill,
Dated October 7, 1943, due and payable
January 6, 1944, with out interest.
1100 , 000.00
which are held to the joint account of the Depository and this City
for Wemnity to the 0i t,v;
NOW, THER-RFCRE, BE IT RESOLVED BY THE CITY COT,%TIq.9I0N
of the City of Lubbock, 'Texas, that the City of Lubbock, Texas,
does here ratify and confirm such deposit and the terms thereof,
and the individual securities as being acceptable and in compliance
with t'ho resolution selecting the depository, insofar as the face of
such securities do not exceed the sums of the "ity on Deposit with
said The Citizens National Bank of Lubbock, Texas.
Passed and approved by unanimous vote of the amity `'ommission, this the
14tr
day of "ctober 1943.
MAYO
Ktte
4-t 0,.edcretar �_ ---