HomeMy WebLinkAbout1996-02 Designating CO National Bank as Despository for the TOV Pension PlanRESOLUTION NO. 2
SERIES OF 1996
A RESOLUTION DESIGNATING COLORADO NATIONAL BANK AS A DEPOSITORY
FOR THE FUNDS OF THE TOWN OF VAIL PENSION PLAN AS PERMITTED BY THE
CHARTER OF THE TOWN, ITS ORDINANCES, AND THE STATUTES OF THE
STATE OF COLORADO.
WHEREAS, the Town has the power to designate banks or financial institutions and money
market accounts for funds of the Town; and
WHEREAS, the Town wishes to designate Colorado Natianal Bank as a depositary for
funds of the Town of Vail Pension Plan.
NOW, THEREFORE, BE fT RESOLVED by the Town Council of the Town of Vail,
Colorado, as follows:
1. Colorado National Bank is hereby designated as a depository for the funds of the
Town of Vail Pension Plan.
2. .Steve Thompson, the Finance Director of the Town of Vaii, or his successors, and
Christine Anderson, Finance Controller of the Town of Vail, or her successor, are hereby authorized
to open a money market account(s) in the name of the Town of Vail Pension Plan at Colorado
National Bank. When an account with Colorado National Bank is liquidated, a check shalt be made
to the Town of Vail Pension Plan and mailed to 75 S. Frontage Road, Vail, Colorado 81657.
3. This resolution shall take effect immediately upon its passage'.
INTRODUCED, READ, APPROVED AND ADOPTED this 16th day of January, 1996.
S III Navas, Mayor Pro-T~n
T:
Holly L. McCutcheon, Town Clerk
c:~RSSO~uss.z
Resolution No. 2, Series of 3996