Res 424 7/25/1960RESOLUTION NO.
WHEREAS, the City National Bank of Wichita Falls, Texas
has deposited with the First National Bank of Dallas, $6,381,500.00
in various Government Securities, to secure the deposit of the City
of Wichita Falls with the City National Bank in Wichita Falls of
$5,226,320.02, and
WHEREAS, the securities for the said deposit of the City
of Wichita Falls is more than adequate, the City National Bank has
requested the release of certain of those securities to wit:
$500,000.00 U. S. Treasury Certificates of Indebtedness
4 7/8% due 2/15/61, covered by First National Bank,
Dallas, Trust Recei t #A18099 and $250,000.00 U. S.
Treasury Bonds 2 1% due 11,/15%61_, covered by First
National Bank, Dallas, Trust Receipt #11327.
WHEREAS, the City of Wichita Falls can release the above
securities as a pledge on its deposits and still have adequate securities
for its deposit with the City National. Bank of Wichita Falls,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF
THE CITY OF WICHITA FALLS, TEXAS:
THAT, the First National Bank in Dallas has authority to
release the following securities:
$500,000.00 U. S. Treasury Certificates of Indebtedness
4 7/8% due 2/15/61.9 covered by First National Bank,
Dallas, Trust Receipt #A18099 and $250,000.00 U. S.
Treasury Bonds 2 112% due 11/15/61, covered by First
National Bank, Dallas, Trust Receipt #11327,
to the City National Bank in Wichita Falls, Texas.
PASSED AND APPROVED this the � -. day of 1960.
t
ATTEST:
, PR
{
A. L. Fi City Clerk
Wichita Falls, Texas
Memorial Auditorium Bldg.
July 25, 1960
The Board of ,Aldermen of the city of Wichita Falls, Ter-ass met in regular session
on the above date, in the Council Room of the Mewrial Auditorium Bldg.i at 7a00 o'clock
p, ', with the follol'ing members Present'
E, fit. Wininger
Roger Z. Thoes
Dr. Al T. Witcher Aldermen
Joe Bailey Mejssner Jr
Mrs H. P. Ledford
A. L. Fitts City Clerk
C . J. Griggs City Hahager
Frank Gib soy. City Attorney
- w x- w r - - w r
orZ other proceedings,* thu follM� was had:
Moved by Alderman Thoes that Resolution No. 421+ be approved and passed as
.read*
motion seconded by Alderman Witcher and carried.by the following vote*'
Yeas; Aldermen Winingers Thoes., Witcher and Ledfordo and Mayor protein Istssner.
days; None.
STATE OF T:
CCC1AiTY OF WICHITA
1�. A. L. Fitts., City Clerk of the City of Wichita Falls' Texas., hereby cextti-
that the above and foregoing is a tr€�e and correct copy 'of Excerpt from the Minutes of
the meets of the Board of Aldermen of the City of Wichita Falls., Texas., held on
July 25a 1960y as of record on Wage No. 197, Minute Book Ho. 17s: of the, City of Wichita
Falls,, Texas.
July., 1
'fitness my hand Iatad soul of the City of Ilichi.taFallsp T s$ this 26th day of
r
ZIP
,,,z- . __ -
City Clerk, City of Wichita Falls., Tex