HomeMy WebLinkAboutResolution - 031236B - Citizens National Bank Releasing Securities From First National Bank, Ft. Worth - 03_12_1936 RESOLUTION O�
CITY OF LUBBOCK ��
Concerning Certain Securities Depopited by
Citizens National Bank of Lubbock, Texas_
BE IT RETTM, ERED: That on this 12th day of March, 1936, at a
Regular Meeting of the City Commission of the City of Lubbock,
Tex s a arum being present, it was duly moved by Co issioner
, seconded by Commissioner
and unanimously agreed that the Citizens Nation . Bank of Lubb6ck.,
be, and it is hereby authorized to withdraw from the First
National Bank of Fort Worth, Texas, the following described
securities deposited by the Citizens National Bank of Lubbock,
Texas, with the First National Bank of Fort Worth, '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 January, 8
1935.
Receipt No. 2030
1 - §19000.00 City of Lubbock 'Hater Works 5% Bond, due
February 11, 1948.
Receipt No. 202I
1 - $1,000.00 City of Lubbock Street Improvement 6% Bond,
due July 1, 1942.
Receipt No. 2028
2 - $►1,000.00 City of Lubbock City Ball 5j% Bonde,
due June 20, 1944.
Receipt No. 2019
3 - 319000. 00 City of Lubbock Sewer Extension Bonds, 5%,
due February 10 1948 and 1949.
Receipt No. 2068
3 - $1,000.00 City of Lubbock Water Works Extension Bonds, 5 ,
due February 119 19509 1956 and 1958.
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 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 Cityts 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 / . day of , 1936.
Attest: Mayor
City Secretary.