HomeMy WebLinkAboutResolution - 102435C - Citizens National Bank Releasing Securities From First National Bank, Ft. Worth - 10/24/1935R E S O L U T I O N
City of Lubbock
Concerning Certain Securities Deposited by
Citizens National Bank of Lubbock, Texas.
Be It Remembered: That on this day of � _._9 1935,
at ameeting of the City Commission
of the City of Lubbock, Texas, a quorum being present, it was duly
moved by 8ommissioner Plt �and secondedby Commissioner
and unanimously agreed that the Citizens
National Bank of Lubbock, be, and it is hereby authorized to 1,riithdrativ
from the First National Bank of Ft 7rorth, Texas, the follo-�rri.ng
described securities deposited by the Citizens National Bank of
Lubbock, Texas, ,-,rith the First National Bank of Fort 17lorth, Texas,
for the purpose of covering deposits of the said City, as more fully
shown by Ordinance No. 528, passed and approved on the 24th day of
Jp.nuary, 1935.
1 - 75000 - #18944D
3 - D109000 - #s 69141A - 42B - 43C
2 - 7/8% Treasury Bonds of 1955/60, dated 3/15/35, interest due
March and September 15th. September 15, 19359 s.c.a. 935,000.00
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 tbb 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 pledged being
ample to meet the requirements of la;rr and of the city c ommission.
Passed and approved thic `� day of _ QV 1935.
i
G Mayor
m 7-, T
(� City Secre _ ry.�
_0_.