HomeMy WebLinkAboutResolution - 022836B - Confirmation Of Security Deposits By Citizens National Bank - 02/28/1936 Best Available Scan
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R�SOLTTIO
RE' IT R IEMBERED: That the Citizens National rank of Lubbock
placed ,-rith the First Hatio.-al Banl� of Fort `,;Forth additional
securities to cover the g•ua �4ntee of the City's funds, and upon
motio. Commissioner L° , seconded by Commissioner
Ge?�-� , c tried nani ously, that the City accept the
a,3ditilDnal securities.
`.=EAS, by Ordinance No. 528, passed and approved on the 24th
day of January, 1935, The Citizens National Bank of Lubbock, Texas,
-as selected as the Depository of the funds of the City of Lubbock,
Texas, to re ,eCuT_P.C1 h.7 Deposit of p_rmissible securities under
the Statutes of this State, and
'=REAS, the said The Citizens National Bank has placed .,lith the
first rational Bank of Fort "Forth, Fort 'xrorth, Texas, securities
for the 1•ur-nose of covering deposits of this City ':-rith such
depository in compliance Fith such selection and said Ordinance
No. 50'Q3,h.ich said securities are described as follows:
5 - t100000 #S20432B 7v MOW-.x2M%Ii�, SI7362B-►.63C
2 3/4% H.O.L.C. Bonds Series B, dated 8/1/34, due 81/49-39 :#50,000.00
Int. due February and Aug. 1st, Aug. lst, 1936 and s.c.a.
which are held to the joint account of the Depository and this City
J., indemnity to the City;
No,. , therefore, BE IT RESOLITED by the City Coinmission of the
City of Lubbock, Texas, that the City of L"ubbock, 'T'exas, does here
ratify and conform such deposit and the terms thereof, and the
individual securities as being acceptable and in compliance �I ith the
ordinance selecting the depository, insofar as the face of such
securities do not exceed the sums of the Uity on Deposit with said
The Citizens National Bank of Lubbock, Texas.
Passed and approved unanimous vote of the City Commission, this
the 8- day of X64
tela - o r
Attest
^' Secy. etary. -
)to tAAA