HomeMy WebLinkAboutResolution - 083035B - Citizens National Bank Releasing Securities From First National Bank, Ft. Worth - 08/30/1935RESOLUTION
CITY OF LUBBOCK
Concerning Certain Securities Deposited -Ljy
Citizens National 13ank of Lubbock, 'Texas.
Be It Remembered: That on this 30th day of august, 1935, at
a regularly cn.11ed meeting of the Uity Commission of the pity of
Lubbock, Texas a ou run being present, it was duly moved by
er- _ and seconded by Commissioner
and unanimously agree(- that the Citizens
."tional 16hk oft Lubbock, by, and it is hereb-r authorized to
wi thdra,,-r from the First N-).tional Bank of b1t. `'forth, Texas, the
follo?:ging described securities deposited by the Citizens 1ational
Bank of Lub'nock, 'i'exas, -rith the First National -sank of Tort
"Torth, texas, for the purr,ose of covering deposits of the said
city, as more fully shot;Tn by Ordinance No. 5289 passed and
approved on the 24th day of January, 1935.
1 - 1000.00 City of Lubbock 5% Sewer .bond #40 - dated 2/15/1911
due 2/15/1951 ;1,000.00
"ith 8/15/35 and subsequent coupons attached
Interest due Feb. and Aum. 15.
Together T--ith all coupons attached to the foregoing bond.
This resolution is passed for the purpose of releasin; 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 reason that the amount
of Securities retained exceed the total amount of the city's
deposit in the said bank, the securities remaining -Ledged
being ample to r!eet the requirements of la-.,! and of the city
c or�mi ss ion.
Passed and approved this 30th d.ay of Aug
ATTEST: /4
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City(Secret �ry .�