HomeMy WebLinkAboutResolution - 022836A - Citizens National Bank Releasing Securities From First National Bank, Ft. Worth - 02/28/1936 Best Available Scan
RESOLUTION
CITY OF LU';BOCK
Concerning Certain Securities Deposited by
Citizens National Bank of Lubbock, Texas.
BE IT R 1' FRED: That on this 21th day of February, 1936, at a
*regular 'Meeting of the City Commission of the City of Lubbock,
,im being present, it i,Tas duly Loved b7T Commissioner
seconded by Commissicner.��^�, and
�.na,nimous'.;,_ _-reed that the Citizens National Baal, of Lubbock,
be, and it is hereby authorized to -,-,ithdra,:r from the Fir: t
National Bank of Ft. "'orth, Texas, the following described_ securities
deposited by the Citizens. National Bank of Lubbock, Texas, with the
First National Bank of Fort ''"orth, Texas, for the purpose of cover-
ing deposits of the said City, as more fully shoir/n by Ordinance No.
525, passed and approved on the 2.4th day of January, 1935.
3 -119000.00 - No. 31 - 32 and 33 Street Improvement Bonds
Series of 1925
2' _$19000.00 - No. 16 - 17 `:eater Works Bonds
Series of 1925
Together ,ith all coupons attached to the fore *oing bonds.
This resolution is passed for the purpose of releasing the fore-
going securities for the reason that the total amount of deposits
have decreased more than the face amount of the securities herein
rele=ased, and for the reason that the amount of secu-ities retained
exceed the total amount of the city's deposit in the said Bank,
the securities remaining pledged being ample to meet the require-
ments of la. and of the city commission..
Fasd. :and a.pl roved. tti-.is cZ day of
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