HomeMy WebLinkAboutResolution - 092844B - Release Of U.S. Certificates Of Indebtedness - 09_28_1944 RESOLUTION
BE `IT REMEMBERED that ate a R meeting of the
City Commission of the pity of Lubbock, wexas, a quorum, being present,
upon motion by Commissioner Jones , seconded by Commissioner
uhildress carried uaanizouiy, the following Resolution
was adopted.
WBEREAS, the Citins National E*ak of Lubbock, Texas, has placed with
the First National ank of Fort mort4, Texas, securities for the
purpose of covering deposits of the City of Lubbock, Texas , with such
depository , part of the said securities being
2 - 4 1,000.00 is 1105-06
7 - 10,000.00 Is 6679-85 , incl.
1 - 100,000.00 1483
Total $172,000.00
Tr asury
7/8% United States/certificates of Indebtedness, Series F-1944
Dated October 15, 1943, due October 1, 1944
and
VMREAS, the said citizens National Bank desires to cash the above
Certificates of Indebtedness at maturity and to substitute therefor
1 - $1729000.00 7/8% United States Treasury Certificate of
Indebtedness Series F , 1945 , maturing October 1, 1945
THEREFORE , be it ,resolved by the City Oommission of the `ity of Lubbock,
Texas, that the Uity of Lubbock, I-Vexas, does hereby authorize the
release of the 4172,000.00 in United States Certificates of Indebtedness,
Series F, 1944, and the substitution therefor of 4172,000.00 7/8�4 United
States Treasury Certificates of Indebtedness , Series F 1945, maturing
October 1, 1945.
Passed and app#oved this the 28th day of September 1944.
Mayor
Attes
Aity eere y.