HomeMy WebLinkAboutResolution - 2003-R0041 - Amendment To The Collateral Agreement - American State Bank - 01/23/2003Resolution No. 2003-R0041
January 23, 2003
Item No. 44
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock is hereby authorized and directed to
execute for and on behalf of the City of Lubbock an Amendment to the Collateral
Agreement and any associated documents between the City of Lubbock and American
State Bank to extend said Collateral Agreement through July 31, 2003, a copy of which
Amendment is attached hereto and which shall be spread upon the minutes of this
Council and as spread upon the minutes of this Council shall constitute and be a part
hereof as if fully copied herein in detail.
Passed by the City Council this 23rd day of
ATTEST:
Rebecca Garza, City Secretary
TO
Beverly Ho)Jges) ManagingWector of Finance
AS TO
Dty6ald G. Vandiver,
Attorney
Mres/Col]AmendRes
January 3, 2003
AMENDMENT
THE STATE OF TEXAS §
COUNTY OF LUBBOCK §
Resolution No. 2003-R0041
January 23, 2003
Item No. 44
WHEREAS, the City of Lubbock (hereinafter called "City") and American State
Bank (hereinafter called "Bank") did heretofore on the 23rd day of July, 2002, enter into a
Collateral Agreement with regard to the City's balances maintained in the Bank; and
WHEREAS, it is the desire of the City and the Bank to amend said Agreement
between the City and the Bank to extend its term; NOW THEREFORE:
WITNESSETH:
Section I of said Agreement is hereby amended to read as follows:
The term of the Agreement shall be August 1, 2002, through July 31St
2003.
This Amendment to the Collateral Agreement between the City and the Bank is
executed this 23rdday of January , 2003.
AMERICAN STATE BANK:
MIKE EPPS,
Executive Vice President
CITY OF LUBBOCK:
AARCOUGAL,
Mayor
ATTEST:
0 Lopl' 1�4-1,
Rebecca Garza, City Secretary
APPROVED AS TO
Finance
M
APPROVED AS TO FORM:
r
Z�aldG. Van Iver, First Assistant City
Attorney
ddcon/CollateralAmend. doc
January 3, 2003