HomeMy WebLinkAboutResolution - 011437F - Concerning Securities Deposited By Citizens National Bank - 01/14/1937on43iF
RESOLUTION
C I7f OF LUBBOCK
Concerning Certain Securities Deposited by
Citizens national Bank of Lubbock, Texas.
BE IT RE1,UMBERED: That on this 14th day of January, 1937, at a
Regular Meeting of the City Corimission of the City of Lubbock, Texas,
a quorum being present, it was duly moved by Conzlissioner Richardson ,
and seconded by Commissioner -Price and unani-_ spy agreed
that the Citizens National Bank of Lubboch. be, and it is hereby-
authorized to withdraw frmi the First National Bank of Vort '.forth,
Texas, the following described securities deposited by the Citizens
pati onal Bank of Lubbock, Texas, with the "irst National "ank of Fort
'dorth, Texas, for the purpose of covering deposits of the said City,
as more fully shoim by Ordinance No. 528, passed and approved on the
24th day of January, 1935.
8 - 1000.00 City of Lubbock lraterworks Extension 63onds 5��
dated 2/11/29 ;T 14 due 2/11/43, # 15 due 2/11/44 - #16 due 2/11/45,
#17, due 2/11/46 - #18 due 2/11/47, #21 due 2/11/50, #27 due 2/11/56,
#29 due 2/11/58.
�8,000.00"
Interest due Feb. and Aug. 11
3 - 1000.00 J`7 - 8 - 9 City of Lubbock Sewer Extension "ewer Bonds
Ser. A of 1929
$39000.00
Dated 2/11/29 - Int. due Feb. and Aug. 11th
3 - 1000.00 Nos. 18-19-20 City of Lubbock Sewer Extension Bonds
Sr. B of 1929 5 - Dated 8/1/29 - due 2/1/48 - 49
43, 000.00
Int. due Feb. and -''ug. 1st
1 - 500.00 #26 City of Lubbock Incinerator Plant Tarrant Ser.
1925 6 , dated 5/1/1925, due 2/1/1941., 500.00
Int. due Feb. and -lug. 1st
1 - 1000.00 #103 City of Lubbock 6 Street Imp. Bond 41,000.00
Dated 7/5/1920, due 7/1/1942 - Int. due Jan & July lst
1 - 1000.00 iJ25 City of Lubbock Waterworks Bond Ser. 1922
52io dated 8/1/22, due 2/1/37 Int:. d�&/Feb. and Aug. 1st :;1,000.00
2 - 1000.00 City of Lubbock City Hall Bonds 5 % #17-18 dated
12/20/23, due 6/20/44 - Int due June and Ded. 20.
42, 000.00
2 - 1000.00 rr 7 - 8 City of Lubbock Elec. Light and Power
System Bonds Ser. 1923, dated 12/20/23 - Inte2�9t/dae•-June
and Dec. 20 - Coupons due 6/20/42 $29000.00
1 - 1000.00 7J19 City of Lubbock later�mrks Extension Bond
Ser. of 1929 Dated 2/11/29, due 2/11/48 50 010000.00
Int due Feb. and Aug. 11.
1 - 500.00 #88 City of Lubbock 6% Street Improvement Bond
dated 7/5/20, due 7/1/39 - interest due Jan & July 1st
500.00
4 - 1000.00 City of Lubbock Street Improvement Bonds
Series A of 1929, dated 2/11/29 Int. due Feb. and Aug.
11th 14,000.00
otm*31F
8 - 500.00 )
21 -1000.00 ) 3% Federal Farm Hortgage Corp. Bonds of 1944-49
$25,000.00
Dated 5/15/34, due 5/15/49. Int due 11ay & Nov. 15.
40 - 100.00
20 - 500.00 3% Federal Farm Mort age Corp. Bonds of 1944-49
61 - 1000.00 dated 5/15/34 due 515/49
'0752000.00
Int. due Iday and Nov. 15
3 - 109000.00 # 1733C - 34D - 35 E 2 3/4% Federal
Fazm 11ortgage Corp. Bonds
1 - 5,000.00 # 1307-H q351000.00
5 - 103*000 #s 20432B - 20419K - 20L - S17362B - 63-C
2 3/4% u.O.L.C. Bonds Series B Dated 8/4/34
Due 8/1/49
X50,000.00
1 - 1,000.00 '%ity of Lubbock W.W. 5J 10000.00
1 - 1,000.00 City of Lubbock Street Improvement
6 1,000.00
3 - 11V000.00 City of Lubbock W. d. Extension 5jL 31000.00
2 - 1,000.00 #s 113 - 114 City of Lubbock
Street Imp. Bonds Ser. 1924 - 510 Dated 5/1/1924
Int due April and Oct. 10 $ 2,000.00.
Together with all coupons attached to the foregoing bonds.
'1his resolution is passed for the purpose of releasing the foregoing
securities for the reason that the total amount of deposits
have decreased more than the face amount of the securities herein
released, and for the teason that the amount of securities retained
exceed the total amount of the City's deposits in the said bank,
the securities remaining pledged being ample to meet the require-
ments of law and of the City ornui s sion.
Passed and approved this 14th dayo nuary, "7.
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City decretary.
I, Lavenia iillians, City Secretary of the City of +,ubbock, Texas,
hereby certify that the foregoing is a true and Correct copy of Resolution
as passed by the City Cor..uilission of the pity of Lubbock, texas, on the
date as shovm above and of record in the r.inutes f the City Coru.iission
of the city of Lubbock, texas. _
City becretary.