HomeMy WebLinkAboutR84-778RESOLUTION NO. R84-778
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLAINVIEW,
TEXAS, APPROVING THE WITHDRAWAL OF CERTAIN SECURITIES
HELD IN JOINT SAFEKEEPING BY THE FEDERAL RESERVE BANK OF
DALLAS.
W~EREAS, heretofore, under date of December ll, 1984, the Federal Reserve
Bank of Dallas issued to City of Plainview, Depositor, and City National Bank
of Plainview, Depository, its Joint Safekeeping Receipt or Advice of Deposit
or receipts covering certain securities; and
WHEREAS, both the Depositor and Depository now desire the Federal Reserve
Bank of Dallas to permit a substitution of certain securities, or a withdrawal
of securities, which it now holds, as hereinafter more fully set forth; and
WHEREAS, the securities, if any, hereinafter mentioned, which the above
named parties desire to substitute in lieu of those heretofore placed in safe-
keeping with the Federal Reserve Bank of Dallas, meet with the requirements of
law and have been and are hereby approved; and
WHEREAS, the securities, if any, hereinafter mentioned, which the above
named parties wish to withdraw, are entitled under the law to be withdrawn;
NOW, THEREFORE, BE IT RESOLVED: That the Federal Reserve Bank of Dallas
be and it is hereby requested and authorized to surrender the following securi-
ties heretofore placed with it for safekeeping by the above named parties
to-wit: '
RECEIPT NO. Description PAR VALUE
00263355 Lubbock, TX ~G O, due 2/1/86 at 5.75% 115,000
00309933 Sudan, TX ISD, due 2/1/86 at 8.7% 145,000
00234616 Ysleta, TX ISD, due 6/15/86 at 7.0~ 100,000
00263352 Lubbock, TX G O, due 2/1/87 at 5.75% 100,000
00263356 Winona, TX ISD, due 3/15/87 at 8.5% 100,000
00234555 Ysleta, TX. ISD, due 6/15/87 at 7.0% 50,000
00234690 Schleicher County, TX ISD, due 6/'15/88 at 5.25% 100;000
TOTAL RELEASED 710,000
BE IT FURTHER RESOLVED: That the Federal Reserve Bank of Dallas be and it
is hereby authorized to deliver the securities described herein to the substituted
for or withdrawn to City National Bank of Plainview or its order.
PASSED AND APPROVED this i~~ day of C)~L~ , 1984.
5. V. RI~[EHUBER, Mayor
ATTEST:
S DODSON, City Clerk