HomeMy WebLinkAboutResolution - 050946A - Release Of U.S. Certificates Of Indebtedness - Citizens National Bank - 05_09_1946 RiamuTION
BE IT REZIWBERED that at a Regular meeting of the City
Commission of the City of Lubbock, Texas, a quorum being present, upon motion by
Commissioner Childress , seconded by Commissioner Price ,
carried unanimously, the following Resolution was adopted.
WHEREAS, the Citizens National Bank of Lubbock, Texas, has placed with the First
National Bank of Fort Worth, Texas, securities for the purpose of covering deposits
of the City of Lubbock, Texas, with such depository, said securities being;
2 $1,000.00 #$ 290-1
7 $10,000000 #s 494-500 inclusive
1 $100,000.00 #596
7/8% U* S. Certificates of Indebtedness, Series H"1946, Dated
October 1, 1945, Due October 1, 1946.
17 $1,000.00 #s 98-114 inclusive, 2-1/4% City of Lubbock Texas
Sewer Disposal Plant Bonds, dated February 1, 1940, Due Febru-
ary 1, 1947.
20 $1,000.00 #s 121-I40 inclusive, 2-1/4% City of Lubbock Texas
Storm Sewer Improvement Bonds, dated February 1, 1940, Due
February 1, 1947.
1 $5,000.00 # 116
9 $10,000.00 #s 570-6 inclusive
7/8% U. S. Certificate of Indebtedness, Series D-1947, dated
April 1, 1946, due April 1, 1947.
TOTAL - $304,000.00
AND,
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WHEREAS, the said Citizens National Bank desires to withdraw the above linteda
securities from the said depository and to substitute therefor �
1
$1,800,000.00 (par value) United Stated 7/8% Certificates of
Indebtedness, Series C-1947, dated March 1, 1946, due March 1,
. 1947, interest payable semi-annually September and March lot,
being Corte. Nos. 106 for $1,000.000.00 and 1096, 1097, 1098, 1099,
1100, 18660, 18661 and 18662 for $100,000.00 each, with the
September 1, 1946 and March 1, 1947 coupons attached.
THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK, TEXASt
That the City of Lubbock, Texas, does hereby authorize the release of the herein
before described $304,000.00 in United States Certificates of Indebtedness, and the
substitution therefor of $1,800,000.00 (par value) United States 7/8% Certificates
of Indebtedness. Series C-1947, dated March 1, 1946, due March 1, 1947.
Passed and approved this the " day of I'`.s , 1946.
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