HomeMy WebLinkAbout1994-16 Authorizing TOV to Rent a Safe Deposit Vault at the Firtst BankRESOLUTION NO. 16
SERIES OF 1994
A RESOLUTION AUTHORIZING THE TOWN OF VAIL
TO RENT A SAFE DEPOSIT VAULT AT THE FIRST BANK OF VAIL
AND AUTHORIZING CERTAIN OFFICERS TO SIGN A LEASE THEREFORE,
TO TERMINATE THE LEASE, TO SURRENDER THE BOX, RETURN THE KEYS,
AND RELEASE THE BANK FROM ANY LIABILITY IN CONNECTION THEREWITH.
WHEREAS, The Town has the power to rent safe deposit boxes in financial institutions;
and
WHEREAS, the Town wishes to rent a safe deposit box at the First Bank of Vail.
NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado:
1. Robert W. McLaurin, or his successor as Town Manager, and Steven J. Thompson,
or his successor as Finance Director, are hereby authorized to rent a safe deposit box in the First
Bank of Vail safe deposit vault and to sign on behalf of the Town a lease therefore, to terminate
the lease, to surrender the box, return the keys. and release the bank from any liability in
connection therewith. Included in this authorization is access to such box and control of the
contents thereof by the above named officers.
2. At lease one of the authorized officers set forth above shall be present whenever
access is had to the box and shall sign whatever application for access may be required by the
bank as a prerequisite to granting access to said box.
3. This authorization shall remain in effect until and unless the bank is notified
otherwise by the Town.
4. That the Town Council hereby finds, determines, and declares that this resolution
is necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants
thereof.
5. That this resolution shall take effect immediately upon its passage.
INTRODUCED, READ, APPROVED AND ADOPTED this 5th day of July, 1994.
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ATTEST:
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Hotly I_. McCutcheon, Town Clerk
C:IRESOLU94.16
Resolution No. 18, Series o} 1994