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<br />. <br /> <br />. <br /> <br />Resolution No. 86-3, Page 2 <br /> <br />Section 3. The City shall be given five (5) days notice <br /> <br />by any Depository Bank, of any request for release of pledged <br /> <br />securities, or'request to pledge additional securities. <br /> <br />Section 4. The market value of the securities pledged by a <br /> <br />Depository Bank shall be an amount equal to 100% of the amount of <br /> <br />City funds on deposit in said Depository Bank. <br /> <br />Section 5. Resolution 74-4, to the extent amended by this <br /> <br />Resolution, is repealed. <br /> <br />Section 6. <br /> <br />The City Council officially finds, determines, <br /> <br />recites and declares that a sufficient written notice of the <br /> <br />date, hour, place and subject of this meeting of the City <br /> <br />Council was posted at a. place convenient to the public at the <br /> <br />City Hall of the City for the time required ,by 1a~ preceding <br /> <br />this meeting, as required by the Open Meetings Law, Article <br /> <br />6252-17, Texas Revised Civil Statutes Annotated: and that this <br /> <br />meeting has been open to the public as required .by law at all <br /> <br />times during which this resolution and the subject matter <br /> <br />thereof has been discussed, considered and formally acted upon. <br /> <br />The City Council further ratifies, approves and confirms such <br /> <br />written notice and the contents and posting thereof. <br /> <br />PASSED AND APPROVED, this the lOth day of February, 1986. <br /> <br />CITY OF LA PORTE <br /> <br /> <br />Officer <br /> <br />ATTEST: <br /> <br />~~ <br /> <br />Cherie Bladk,-City Secretary <br /> <br />APPROVED: <br /> <br />~A~-~~~ <br />Charles Dippel, Ac 'n City <br />Attorney <br />