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Abstract 225, said Phase IV recorded in Vol. 4, Page 238, Plat Records of Kerr County, Texas.
(Located in Kerr County Precinct No. 4)
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N0. 14853 ORDER AUTHORIZING COUNTY DEPOSITORY TO MAKE SUBSTITUTION OF SECURITIES PLEDGED
TO SECURE DEPOSITORY PLEDGE CONTRACT AND AUTHORIZING FROST NATIONAL BANK TO
RELEASE PREVIOUSLY PLEDGED SECURITIES
On this the 24th day of November, 1982, came on to be heard and considered by the
Court the letter request of Chas. Schreiner Bank, the County Depository of Kerr County, to
make a substitution of securities pledged to secure that certain Depository Pledge Contract
entered into between the said Bank and Kerr County, Texas, as recorded in Volume 7, page 526
of the Bond Record of Kerr County, Texas, on March 9, 1981.
And it appearing to the Court that the Depository Bank desires to sell certain securi-
ties and that the said Bank should properly be allowed to make a substitution of acceptable
securities;
It is ordered on motion by-Commissioner Guthrie, seconded by Commissioner Speakmon,
and unanimously approved by the Court that the aforesaid request of the said Chas. Schreiner',
Bank be granted and that the said County Depository Bank be authorized to sell the previously.
pledged securities, as follows:
Federal Home Loan Bank, $700,000.00, 8.25%, due 11/26/32 and to substitute therefor
the following:
Federal Home Loan Bank, $900,000.00, 12.25% due 12/26/84. ;
It is further ordered that the Frost National Bank of San Antonio, Texas, the custodian°
of the aforesaid previously pledged securities, be and is hereby authorized to release same
to the said Chas. Schreiner Bank upon receipt of the substitute securities described above,
and to hold the same as custodian pursuant to the usual and customary terms applicable to
the existing depository pledge contract, and it is further ordered that the Clerk of the
Court provide certified copies of this Order to each Bank concerned.
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COURT ADJOURNED NOVEMBER 24th, 1982 at 9:25 o'clock A. ^1.
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The foregoing minutes from page 239 thru 246 were read in open Court and found
correct and are hereby approved this //13th day of December 1982.
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County C erk, err County, Texas unty J c
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