HomeMy WebLinkAbout26-68 RESOLUTIONRESOLUTION NO.
6/
A RESOLUTION AUTHORIZING THE FEDERAL RESERVE BANK OF DALLAS TO PERMIT
WITHDRAWAL OF SECURITIES WHICH IT HOLDS TO SECURE INVESTMENT OF 1966
WATER AND SEWER REVENUE BOND FUNDS AND RETURN TO REPUBLIC NATIONAL
BANK OF DALLAS.
WHEREAS, heretofore, under date of September 20, 1966, the Federal
Reserve Bank of Dallas issued to The City of Fayetteville, Arkansas,
Depositor, and Republic National Bank of Dallas, Texas, Depository, its
Joint Safekeeping Receipt 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
1
WHEREAS, the securities, if any,.hereinafter mentioned, which the.
above named parties'desire to substitute in lieu of those heretofore placed
in safekeeping 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, hereinaftermentioned, which the above
named parties wish to withdraw, are entitled under the law to be withdrawn;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the City
of Fayetteville, Arkansas:
THAT the Federal Reserve Bank of Dallas be and.it is hereby requested
and authorized to surrender the following securities heretofore placed with
it for safekeeping by the above,named parties, to -wit:
Receipt No. Description "Pat Value
40107
40108
40109
40110
40111
City of Fayetteville, Arkansas Waterworks &
Sewer Revenue Bonds (Registered) 4.10% to 6-1-70;
4.50% thereafter.
Due: 6-1-96
Due: 6-1-97
Due: 6-1-98
Due: 6-1-99
Due: 6-1-2000
THAT the Federal Reserve Bank of Dallas be
to deliver the securitiesdescribed herein to.be
drawn to Republic National Bank of Dallas, Texas
4
4055000
425,000
445,000
465,000
485;000
$2,225,000
and it is herebyauthorized
substituted for or with -
or its order.
PASSED, APPROVED AND ADOPTED on this the /11 e day of