HomeMy WebLinkAboutResolution - 122635A - Citizens National Bank Releasing Securities From First National Bank, Ft. Worth - 12/26/1935RESOLUTION
1zz�a36A
City of Lubbock
Concerning Certain Securities Deposited by
Citizens National .Sank of Lubbock, Texas.
BE IT R1MMMBERED: That on this 26th day of December, 1935, at a
Regular Yeeting of the Uity commission of the City of Lubbock, Texas,
a quorum being present, it was duly moved. by Commissioner 9k. -AA OO,, ,
seconded by Commissioner " 9, and unanimously agreed
that the Citizens Natio�n�l wank of Lubbock, be, and it is hereby
authorized to withdraw from the First National Bank of Fort "orth,
Texas, the following described securities deposited by the Citizens
National Bank of Lubbock, Texas, with the First National -bank of
Fort ''Torth, Texas, for the purpose of covering deposits of the
said City, as more fully shovm by Ordinance No. 523, passed and
approved on the 24th day of January, 1935,
5129000.00 City of Lubbock Funding -bonds
Together with all coupons attached to the foregoing bonds.
This resolution is passed for the ,purpose of releasing the fore-
going 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 pledged being ample to meet the requirements
of law and of the city commission.
Passed and approved this 26th day of
ATTEST•
Acting Cityec ary.
(Seal)
December, 93
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