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3.$ , <br />• <br /> <br />WHEREAS, said bonding company desires a release <br />from its liability on said bond, <br />NOW, THEREFORE, BE IT RESOLVED by the Commission <br />of the City of La Porte, Texas, that said bond of E. E. Boone <br />as Mayor and the Maryland Casualty Company as Surety is <br />hereby cancelled and the said principal and surety are hereby <br />expressly released i'rom any and all responsibility and <br />liability under said bond. <br />Carried. <br />Motion by Pfeiffer, second by Crate that the following <br />resolution be adopted: <br />WHEREAS, the City's contract with it's depository, <br />the First National Bank of La #~orte, Texas, has expired, and <br />WHEREAS, the terms, aondit ions~.and agreements in <br />the old contract are satisfactory to the Commission of the <br />-City of La Porte and tb the bank, <br />NOW, THEREFORE, BE IT RESOLVED, by the City <br />Commission of the City of La Porte, Texas,. that the Fir-at <br />National Bank of La Porte, Texas, be and is hereby designated <br />as the depository For the funds of the City and the Mayor <br />and City Clerk are hereby authorised and instructed to <br />execute a new contract containing all of the terms, conditions <br />and agreements as in the old depository aontract,f~and it <br />is so ordered. <br />Cyr ied.. <br />Motion by Crate, second by Pfeiffer that the meeting ad~aurn. <br />Carried. <br />