HomeMy WebLinkAboutResolution - 012551E - Dallas National Bank Authorized To Release Securities To Citizens National Bank - 01_25_1951 IIl
.R=.E S O L U T I O N 0120sl CW
WHEREAS, the ,Citizens National Bank, Lubbock, Texas, depository for
the City of Lubbock, has delivered to the City of .Lubbock Depository Receipts
No. 35156 and 35159 issued by Republic National Bank of Dallas, under which
receipts $2, 000, 000. 00 U. S. Treasury Notes, Series A-1955, 1-1/20%, and
$1, 000, 000. 00 U. S. Treasury Notes, Series B-19.55, 1-3/4016, have been
pledged to cover deposits of ;City of Lubbock, and
WHEREAS, the Citizens National Bank, Lubbock, Texas, desires to
substitute the above mentioned securities and .release a like amount of secur-
ities -pledged under Receipts Nos. 27, 259 and 27, 260, issued by Dallas
National Bank, Dallas, Texas, THEREFORE.,
BE IT RESOLVED BY THE .CITY COMMISSION OF THE CITY OF LUBBOCK:
THAT the Dallas National Bank is hereby authorized to release securities
pledged under its Receipt Nos. .27, 259 and 27, 260 to the order of the Citizens
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National Bank, .Lubbock, Texas.
On motion of Commissioner av .seconded b Com-
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missioner Hufstedler i the foregoing.Resolution was unanimously
passed by an affirmative vote of the City Commission this 25th day of January,
1951.
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I� Mayor
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ATTEST: v
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Tilt Se r y etary
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