HomeMy WebLinkAboutResolution - 101449D - Release Of Treasury Bills - Citizens National Bank (COL Depository) - 10_14_1949 I
RESOLUTION
WHEREAS, the Citizens National Bank of Lubbock, Texas, depository for the
City of Lubbock, desires to substitute securities and release Treasury Bills
maturing October 13, 1949, THEREFORE,
BE IT RESOLVED BY THE CITY COMSSION OF THE CITY OF LUBBOCK:
That the Citizens National Bank of Lubbock, Texas be and it is hereby auth-
orized to replace Treasury Bills maturing October 13, 1949 with United States
one and one-eighth (1-1/8%) per cent Certificates of Indebtedness, Series H. 1950)
covered by Safekeeping Receipt 26667 issued by the Dallas National Bank for
Two Million ($2,000,000) Dollars, PROVIDED HOYXVER, that Bonds of similar kind
shall remain on deposit at all times adequate to secure the City's balance with
said depository.
On motion of Commissioner Whiteside , seconded by Commissioner Price ,
the foregoing Resolution was unanimously passed by an affirmative vote of the
City Commission this l'fh day of October, 1949.
MayorA Ts
City Secret
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