HomeMy WebLinkAboutResolution - 011437E - Concerning Securities Depositied By Citizens National Bank - 01/14/193701145IE7
RESOLUTION
CITY OF LUBBOCI�
Concerning Certain Securities Deposited by
Citizens National Sank of Lubbock, Texas.
BE IT RMMLMERED: That on this 14th day of January, 1937, at a
Regular Meeting of the City Commission of the City of Lubbock, Texas,
A quorum being present, it was duly moved by Conmissioner Richardson,
and seconded by Cormissioner Price, and unanimously agreed,that the
Citizens National Bank of Lubbock, be, and it is hereby authorized
to withdraw from the ri rst National 'yank of Fort viorth, Texas, the
following described securities deposited by the Citizens National
Bank of Lubbock, Texas, with the First National Bank of Fort
',Vorth, `Texas, for the purpose of covering deposits of the said amity,
as more fully shown by Ordinance No. 528, passed and approved on the
24th day of January, 1935.
18 -
City
of
Lubbock
5% Funding Bonds, Ser. 1927
12, 000.00
3 -
City
of
Lubbock
5% Sewer Extension Bonds
Series
A of 1929
32000.00
1 -
City
of
Lubbock
6% Incinerator Plant Warrant,
Series
1925
500.00
2. -
City
of
Lubbock
5j� o Street Improvement Bonds
Series
1924
21000.00
1 -
City
of
Lubbock
5�-f Nater As Bond, Ser. 1922
11000.00
2 -
City
of
Lubbock
5j -f Electric Light & Power
System
Bonds, Series 1923
2,000.00
5 -
City
of
Lubbock
5 o Water �Iorks Ext. Bond,
Series
1929
52000.00
1 -
City
of
Lubbock
6% Street Improvement i3ond
500.00
4 -
City
of
Lubbock
5o Street Improvement Bonds,
Series
A - 1929
41000.00
Federal
Farn Mortgage Corp. 2 3/4 Bonds of
1942/47
351000.00
Federal
FEirn h ortgage Corp. 3;o Bonds of 1944/49
100, 000.00
Home
Owners' Loan Corp. 2 3/4 Bonds, Series B
502000.00
X2153%000.00
Together with all coupons attached to the foregoing bonds,
This resolution is passed for the purpose of releasing the foregoing
securities for the reason that the total arlount of deposits
have decreased more than the face amount of the securities herein
released, and for the reason that the amount of securities retained
exceed the total amount of the pity's deposits in the said bank,
the securities remaining pledged being ample to r,ieet the rec1uirer-ents
of lave and of the pity Corz.1ission.
Passed and approved this 14th day of
Attest: '
City becretary,
January, --,1937.
iayor